1490 E Prospect Lane, Tucson, AZ 85719

Tucson
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
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...

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Home facts

  • Year built:1956
  • Listing ID #:7099053
  • Updated:October 30, 2026 at 05:12 PM

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
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