Address
1492 E Prospect, Tucson, AZ
Price
$ 3,500,000
Property Attributes
- ID#22621699
- TypeSingle Family
- Listing Status Active
- CountyPIMA
- CityTucson
- AreaCentral
- Zip85719
- StyleTerritorial,Southwestern
- Year Built1956
- Taxes$ 12988
- Price$ 3,500,000
- Bedrooms16
- Full Bathrooms16
- Half Bathrooms2
- Sqr Footage11942
- Lot Size2.67 Acres
Data Source:
Multiple Listing Service of Southern Arizona
Property Description
An extraordinary opportunity to own one of Tucson's most distinctive historic income-producing compounds, generating approximately **$246,000 in annual rental income** with significant additional upside. Behind gated entrances from both Prospect Lane and Limberlost, this unique property features **9 separate residences**, a resort-style pool, mature landscaping, fruit orchards, gardens and approximately **½ acre of undeveloped land with the potential to add up to 12 additional units**. The property offers a diversified income stream through a mix of long-term rentals, short-term rentals and owner-occupied space, while providing exceptional flexibility for a future owner. Continue the current income strategy, expand the existing residential footprint, create a multi-generational family compound, corporate or executive housing destination, boutique retreat, or explore other potential uses. Unlike a typical multi-unit investment, this is an irreplaceable historic compound where each residence has its own character and identity. Extensive improvements have modernized the property while preserving its historic charm, including central A/C throughout, renovated bathrooms, restored fireplaces, updated roofs, plumbing, electrical, windows and appliances, plus upgraded gates, fencing, parking and the addition of a resort-style pool. With approximately $250,000 in current annualized income, 9 residences, potential for 12 additional units, and a rare combination of historic character, privacy and flexibility**, this is far more than an income property--it is a one-of-a-kind compound with immediate cash flow and exceptional future potential.
| Elementary School | Middle School | High School |
|---|---|---|
| Rio Vista Elementary School | Amphitheater Middle School | Amphitheater High School |
General Features
| Living Area | 11942.0 |
|---|---|
| Sewer | Septic Tank |
| Heating | Other |
| Utilities | Sewer Connected |
| Zoning | Tucson - MH1 |
| Garage Spaces | 2.0 |
| Patio/Porch Features | Covered |
| Architectural Style | Territorial,Southwestern |
| Pool Features | Conventional,Heated |
| Security Features | Security Gate |
| Construction Materials | Burnt Adobe,Stucco Finish |
| Year Built | 1956 |
| View | Mountain(s) |
| Township | 13 |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Parcel Number | 10821021H |
| Community Features | Walking Trail |
| Accessibility | None |
| County | Pima |
| Property Type | Residential |
| HOA | No |
| Attached Garage | Yes |
| Subdivision Name | N/A |
| Facing Direction | North |
| Garage Y/N | No |
| Other Structures | Workshop,Shed(s),Kennel/Dog Run |
| Full Baths | 14 |
| Status | Active |
| Directions | Enter from west side of 1453 E Limberlost,meet at gate. |
| High School | Amphitheater |
| City | Tucson |
| Disclosures | Seller Prop Disclosure,Lead-Based Paint |
| High School District | Amphitheater |
| MLS Area | Central |
| Lot Size Units | Acres |
| Lot Size Square Feet | 112843.0 |
| Carport Spaces | 5.0 |
| Carport Y/N | No |
| Spa Features | Conventional |
| Elementary School | Rio Vista |
| Land Lease Y/N | No |
| Tax Annual Amount | 12988.0 |
| Middle/Junior High School | Amphitheater |
| Lease Renewal Y/N | No |
| MLS Area Minor | Central |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| MobileHomeRemainsYN | No |
| Legal Description | See Attached Document |
| New Construction | None |
| Water Body Access Y/N | None |
Interior Features
| Interior Amenities | High Ceilings,Beamed Ceilings,Walk-In Closet(s),Entrance Foyer |
|---|---|
| Flooring | Other,Mexican Tile,Ceramic Tile,Stone |
| Total Fireplaces | 12 |
| Fireplace Features | Other,Wood Burning Stove |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Half Baths | 2 |
| Laundry Features | Other |
| Total Bedrooms | 16 |
| LivingAreaSource | Assessor |
| Total Baths | 16 |
Exterior Features
| Exterior Amenities | Native Plants,Play Equipment,Courtyard |
|---|---|
| Fencing | Wrought Iron |
| Parking Features | Detached,Circular Driveway |
| Lot Features | Flower Beds,Shrubs,Sprinkler/Drip,Sprinklers In Front,North/South Exposure |
| Water Source | Public,Private,Well |
| Lot Size Area | 2.67 |
| Spa | No |
| Building Area Total | 11942.0 |
| Lot Dimensions | Irr |
| Lot Size Acres | 2.67 |
| Road Surface Type | Paved |
| Lot Size Source | Assessor |
| Covered Spaces | 7.0 |
| Crops Included Y/N | No |
| Road Responsibility | City |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 85719
Price
Taxes
Year Built
Visits
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