1490 E PROSPECT Lane, Tucson AZ 85719
$3,500,000
Brokerage: Ivy Realty(623) 299-4954
1 / 40Home facts
- Price
- $3,500,000
- Status
- Active
- Beds
- 16
- Baths
- 16
- Year built
- 1956
- Type
- F
- Pool
- Yes
- Water
- Domestic Well, Private
- Sewer
- Septic Tank
- MLS #
- 7099053
Listed by Grigg's Group Powered by The Altman Brothers · 480-788-0929
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
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
Features
Roof
Tile, Built-Up
Sewer
Septic Tank
Cooling
Central Air
Heating
Natural Gas
Electric
City Electric
Flooring
Other, Stone, Concrete
WaterSource
Domestic Well, Private
ParkingFeatures
Carport
CommunityFeatures
Play Area, Spa(s), Pool
ConstructionMaterials
Adobe
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 4040 N WEIMER Place 4 | Jul 14, 2026 | $245,000 | 2/2 | 1,111 | Fathom Realty Elite |
Source: ARMLS IDX via Ivy Realty, updated Oct 27, 12:27 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).