1490 E Prospect Lane, Tucson, AZ 85719

Tucson
Local realty services provided by:HUNT Real Estate ERA
1490 E Prospect Lane,Tucson, AZ 85719
$3,500,000
  • 16 Beds
  • 16 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: pete torrez
Office: grigg's group powered by the altman brothers
MLS#:7099053
Source:ARMLS

Price summary

  • Price:$3,500,000

About this home

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1956
  • Listing ID #:7099053
  • Updated:October 28, 2026 at 01:33 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Flooring:Concrete, Stone

Heating and cooling

  • Heating:Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1956
  • Construction Materials:Adobe

Schools

  • High school:Amphitheater High School
  • Middle school:Amphitheater Middle School
  • Elementary school:Rio Vista Elementary School

Utilities

  • Water:Domestic Well

Finances and disclosures

  • Price:$3,500,000
  • Tax amount:$10,782 (2025)

Parking

  • Total parking spaces:15
  • Parking description:Carport
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

New listings near 1490 E Prospect Lane