$ 3,500,000
-
$3,500,000
Price -
16
Bed -
16
Bath -
11,942
SqFt -
2.59
Acre
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About the Listing 53953 - 21748
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 Highlights for 1492 E Prospect
Interior Details
- Bedrooms: 16
- Bathrooms: 14 Full / 2 Half
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 12, Wood Burning Stove
- Floor: Mexican Tile,Ceramic Tile,Stone
- Basement:
- Other: High Ceilings,Beamed Ceilings,Walk-In Closet(s),Entrance Foyer,No Interior Steps,Split Bedroom Plan
- Water: Public,Private,Well
Exterior Details
- Lot Description: Flower Beds,Shrubs,Sprinkler/Drip,Sprinklers In Front,North/South Exposure,Trees
- Garage Capacity: 2 car
- Lot Dimensions: Irr
- Zoning: Tucson - MH1
- Roof:
- Others: Native Plants,Play Equipment,Courtyard,Workshop,Shed(s),Kennel/Dog Run
- Sewer: Septic Tank
- Parking Features: Detached,Circular Driveway,Attached Garage/Carport
Financial Details
- Tax Amount: $12,988
- Taxes w/Assessments: N/A
- Tax/Property ID: 10821021H
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1492 E Prospect 13, Tucson, AZ 85719
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