1492 E Prospect
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$3,500,000 
MLS #:
22621699
Beds:
16
Baths:
16
Sq. Ft.:
11942
Lot Size:
2.67 Acres - 112,843 Sq Ft
Garage:
2 Car
Yr. Built:
1956
Type:
Single Family
Tax/APN #:
10821021H
Taxes/Yr.:
$12,988
Area:
Central
Community:
Central
Subdivision:
N/A
Address:
1492 E Prospect
Tucson, 85719
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.
Listing offered by:
Pete M Torrez PLLC - License# with Griggs's Group Powered by The Altman Brothers -
Map of Location:
Data Source: Listing data provided courtesy of: Tucson MLS (MLSSAZ) (Data last refreshed: 09/06/26 8:51pm) - 1

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