1492 E Prospect Tucson, AZ 85719
16 Beds
15 Baths
11,942 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 11,942 sqft
Price per Sqft $293
MLS Listing ID 22621699
Style Territorial,Southwestern
Bedrooms 16
Full Baths 14
Half Baths 2
HOA Y/N No
Year Built 1956
Annual Tax Amount $12,988
Tax Year 2025
Lot Size 2.591 Acres
Acres 2.67
Lot Dimensions Irr
Property Sub-Type Single Family Residence
Source MLS of Southern Arizona
Property Description
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.
Location
State AZ
County Pima
Area Central
Zoning Tucson - MH1
Direction Enter from west side of 1453 E Limberlost, meet at gate.
Rooms
Guest Accommodations House
Interior
Interior Features High Ceilings, Beamed Ceilings, Walk-In Closet(s), Entrance Foyer
Heating Other
Flooring Other, Mexican Tile, Ceramic Tile, Stone
Fireplaces Number 12
Fireplaces Type Wood Burning Stove
Fireplace Yes
Laundry Other
Exterior
Exterior Feature Native Plants, Play Equipment, Courtyard
Parking Features Detached, Circular Driveway
Garage Spaces 2.0
Garage Description 2.0
Fence Wrought Iron
Pool Heated
Community Features Walking Trail
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc City
View Mountain(s)
Porch Covered
Total Parking Spaces 2
Garage Yes
Building
Lot Description Flower Beds, Shrubs, Sprinkler/Drip, Sprinklers In Front, North/South Exposure
Story 1
Sewer Septic Tank
Architectural Style Territorial, Southwestern
Level or Stories One
Schools
Elementary Schools Rio Vista
Middle Schools Amphitheater
High Schools Amphitheater
School District Amphitheater
Others
Senior Community No
Tax ID 10821021H
Acceptable Financing Conventional, Cash
Horse Property No
Listing Terms Conventional, Cash
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES