$3,500,000
1490 E PROSPECT LaneTucson, AZ 85719
MLS# 7099093

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Property DescriptionAn 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 famil
Details
Contract Info
Current Price: $3,500,000
List Price: $3,500,000
Status: Active
List Date: 2026-10-27
Ownership: Fee Simple
Location, Tax & Legal
House Number: 1490
Compass: E
Street Name: PROSPECT
St Suffix: Lane
City/Town Code: Tucson
State/Province: AZ
Zip Code: 85719
Zip4: 1125
Country: US
County Code: Pima
Assessor Number: 108-21-021-H
Tax Year: 2025
General Property Description
Ttl Apx SqFt Bldg: 9352
# of Buildings: 6
Year Built: 1956
Uncvrd Parking Spcs: 10
Zoning: Tucson - MH1
Legal Info
Township: 13
Range: 14
Section: 19
Lot Number: Unknown
Income & Expenses
Gross Annual Sch Inc: 246,000
Showing Notification Methods
Showing Service: No Showing Service Used
Remarks Misc
Cross Street: N Mountain Ave & E Prospect Lane
Directions: Enter from west side of 1453 E Limberlost, meet at gate.
Geo Lat: 32.28438
Geo Lon: -110.94985
Property Features
Building Type: Other (See Remarks)
Business Type: Other
Construction: Other
Roofing: Built-Up; Tile
Floors: Concrete; Sealed; Other
Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet
Heating: Natural Gas
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished
Fencing: Other
Parking Features: Private
Electric: Other (See Remarks)
Gas: SW Gas
Water Source: Private; Domestic Well
Sewer: Septic Tank
New Financing: Cash Only; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office: Grigg's Group Powered by The Altman Brothers
Last Updated: October - 27 - 2026
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