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Welcome to our Arizona home search page–here you can search all actively listed properties across the Phoenix metro area–you’ll find all active real estate listings in every city/town in Maricopa County.  Don’t hesitate to contact us if you need assistance. Happy house hunting.
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$3,500,000
14 Days On Site

1490 E PROSPECT Lane
Tucson, AZ 85719

For Sale|Multi Family|Active
16
Beds
16
Total Baths
1956
Built
County:
Pima
Call Now: 602.369.7450
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602.369.7450
1490 E PROSPECT Lane1490 E PROSPECT Lane1490 E PROSPECT Lane1490 E PROSPECT Lane
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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.

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Listing Snapshot
Price 
$3,500,000
Days On Site 
14 Days
Bedrooms 
16
Inside Area (SqFt) 
N/A
Total Baths 
16
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1956
MLS Number 
7099053
Status 
Active
Property Tax 
$10,782.27
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
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Recent Activity
2 weeks agoListing updated with changes from the MLS
2 weeks agoListing first seen on site
General Features
Cross Street 
N Mountain Ave & E Prospect Lane
Disclosures 
Seller Prop Disc Stm
Parking 
Carport
Parking Spaces 
15
Property Sub Type 
Multi Family
Sewer 
Septic Tank
Water Source 
Private
Zoning 
Tucson - MH1
Interior Features
Appliances 
Built-In RangeFree-Standing RangeRefrigeratorMicrowaveBuilt-In Electric Oven
Cooling 
Central Air
Flooring 
Other
Heating 
Natural Gas
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Exterior Features
Construction Details 
Adobe
Private Pool 
Yes
Roof 
TileBuilt-Up
Community Features
Community Features 
Pool
School District 
Amphitheater Unified District
Township 
13
Financing Terms Available 
ConventionalCash
Roads 
Asphalt
Schools
School District
Amphitheater Unified District
Elementary School
Rio Vista Elementary School
Middle School
Unknown
High School
Amphitheater High School
Listing courtesy of Grigg's Group Powered by The Altman Brothers.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-11-11 01:00 PM UTC

Neighborhood & Commute
Source: Walkscore
Powered by Showcase IDX, a Constellation1 Company
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