1492 E Prospect Ln, Tucson, AZ 85719
Property image
Property image
FOR SALE
NEW - 1 HR AGO
2.67 ACRES

$3,500,000

  • 16 Beds
  • 15 Baths
  • 11,942 sqft (on 2.67 acres)

1492 E Prospect Ln, Tucson, AZ 85719

Campus Farm
Est. Mortgage $20,208/mo*
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Home Highlights

Single-Family Home
Built in 1956
2.67 acre lot
$293/sqft
2 Car Garage

Local Information

  • Map ViewExplore the area around 1492 E Prospect Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 1 hour ago
Listing courtesy of Pete M Torrez PLLC, (520) 906-1000
Griggs's Group Powered by The Altman Brothers
Source: MLS of Southern Arizona, MLS#22621699
Also Listed on MLS of Southern Arizona.

Home Details for 1492 E Prospect Ln

Interior Features

Beds & Baths
Number of Bedrooms: 16Number of Bathrooms: 16Number of Bathrooms (full): 14Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 11942 Square Feet
Heating & Cooling
Heating: Has Heating Unspecified TypeHas HeatingHeating Fuel: Has Heating Unspecified Type
Fireplace & Spa
Number of Fireplaces: 12Fireplace: Wood Burning StoveSpa: ConventionalHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile, Tile, Stone
Levels, Entrance, & Accessibility
Stories: 1Levels: OneAccessibility: NoneFloors: Ceramic Tile, Tile, Stone
View
Has a ViewView: Mountain(s)
Security
Security: Security Gate

Exterior Features

Exterior Home Features
Patio / Porch: CoveredFencing: Wrought IronOther Structures: Kennel/Dog Run, Shed(s), WorkshopExterior: Native Plants, Courtyard, Play EquipmentHas a Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Carport Spaces: 5Number of Covered Spaces: 7Has a CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 7Parking: Circular Driveway,Detached
Pool
Pool: HeatedPool
Frontage
Responsible for Road Maintenance: CityRoad Surface Type: Paved
Water & Sewer
Sewer: Sewer Connected, Septic Tank
Farm & Range
Not Allowed to Raise Horses

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1956
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Territorial,Southwestern
Building
Construction Materials: Burnt Adobe, Stucco
Property Information
Parcel Number: 10821021H

Price & Status

Price
List Price: $3,500,000Price Per Sqft: $293

Active Status

MLS Status: Active

Location

Direction & Address
City: Tucson
School Information
Elementary School: Rio VistaJr High / Middle School: AmphitheaterHigh School: AmphitheaterHigh School District: Amphitheater

Agent Information

Listing Agent
Listing ID: 22621699

Building

Building Area
Building Area: 11942 Square Feet

Community

Community Features: Walking TrailNot Senior Community

HOA

No HOA

Lot Information

Lot Area: 2.67 Acres

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional, Cash

Miscellaneous

Mls Number: 22621699

Additional Information

Walking Trail

Around this home

Neighborhood Overview

Campus Farm
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Campus Farm

At least 61 Trulia users voted on each feature.

  • 84 % Say it's dog friendly

  • 78 % Say it's walkable to grocery stores

  • 77 % Say parking is easy

  • 76 % Say car is needed

  • 69 % Say it's walkable to restaurants

  • 69 % Say there's holiday spirit

  • 60 % Say it's quiet

  • 56 % Say there are sidewalks

  • 52 % Say yards are well-kept

  • 45 % Say people would walk alone at night

  • 37 % Say there's wildlife

  • 37 % Say neighbors are friendly

  • 37 % Say kids play outside

  • 33 % Say they plan to stay for at least 5 years

  • 29 % Say streets are well-lit

  • 12 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "this is a quiet neighborhood pretty chill not to many kids my kids are the only ones on the block but the school is close"
    0
    Flag
  • Trulia User
    "My commute to the downtown area is relatively quick and easy. Campus Farm is in a central-north location that puts most places in Tucson within a 10-30 minute drive. I like it."
    1
    Flag
  • Trulia User
    "Many people in this neighborhood own dogs - at least, there are a lot of people walking their dogs. The Loop is 1/2 mile away, and I think in the riverbed itself you can let your off leash (if you feel safe doing so - I’m not sure I would, due to the possibility of rattlesnakes or coyotes)."
    1
    Flag
  • Trulia User
    "Having the U of Arizona farm right across the street from me, with sheep, cows, and horses grazing is a continual delight and connection to the natural world. The view of the Santa Catalina mountains from this perspective is spectacular."
    5
    Flag
  • Zepster80
    "not too crazy of traffic and close to bike trails and other areas more appropriate for walking dogs.. most people keep to themselves but are kind"
    3
    Flag
  • Neetz H.
    "There are many dog owners and the area is nice for walks. It would be nice if there were bag stands around for folks to collect their dog feces if it's needed. "
    1
    Flag
  • Wminger2224
    "I have a car to commute. There are also many ways to commute here. we have public buses, taxi, Uber, Lyft, and the number of Vans and buses for medical transport. you can get anywhere you want to go here"
    1
    Flag
  • Wminger2224
    "bus transportation is close by. also you can call Uber or Lyft or a cab. I don't use any of those because I have a car and drive everywhere I need to go."
    1
    Flag
  • Wminger2224
    "I'm not a dog owner but I do live with a dog park right in my front yard and it's pretty obvious they would like it because nobody picks up after their dogs. Well there are some Good Samaritans with dogs that pick up after other dogs but most of them do not and I am bothered by flies constantly!"
    1
    Flag
  • Wminger2224
    "I would hate to raise kids here. cars get broken into, the homeless are always here in the dumpsters and I would never leave kids unattended outside if they were mine."
    0
    Flag
  • Wminger2224
    "I've lived in this neighborhood about two and a half years. I'm only friends with about three people here in that short time I've had my car broken into and two other incidents happen concerning the police. I would not go walking around outside of my complex after Dark by no means. 100% this is not a safe neighborhood."
    4
    Flag
  • Wminger2224
    "I would not walk anywhere alone after Dark. this is not a safe neighborhood oh, there are always sirens from the police to the ambulances."
    0
    Flag
  • Desiree G.
    "its old and run down. theres a bad cockroach problem at the local park. and the parks equipment are so unsafe and old it should be illegal "
    84
    Flag

Market trends in Tucson

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$329K
$3.33KMoM
Sale-to-List Price
99.1%
0.1%MoM
Price per sq ft
$215
$1MoM
Available listings
3074
4MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4840 N Camino Luz, Tucson, AZ
0.87
Single-Family Home
$3,250,000
03/13/26
5
5.5
7,282
1344 E Renfrew Pl, Tucson, AZ
0.10
Single-Family Home
$555,000
04/15/26
3
2
1,734
4320 N Rillito Creek Pl, Tucson, AZ
0.16
Single-Family Home
$497,500
02/04/26
3
3.5
1,758
4740 N Camino Escuela, Tucson, AZ
0.99
Single-Family Home
$1,100,000
01/09/26
5
4
3,444
4288 N Rillito Creek Pl, Tucson, AZ
0.20
Single-Family Home
$492,000
11/10/25
3
3
1,758
4613 N Camino Escuela, Tucson, AZ
0.75
Single-Family Home
$978,000
05/26/26
4
3
2,322
3931 N Mountain Ave, Tucson, AZ
0.46
Single-Family Home
$670,000
01/06/26
3
2.5
2,266
4019 N Park Ave, Tucson, AZ
0.52
Single-Family Home
$379,000
12/17/25
4
3
2,162
4425 N Hacienda Del Sol Rd, Tucson, AZ
1.14
Single-Family Home
$1,600,000
05/27/26
5
4.5
4,671
4615 N Placita Roca Blanca, Tucson, AZ
1.67
Single-Family Home
$3,675,000
10/15/25
6
6.5
7,842

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
N Mainard Dr, Tucson, AZ 85719
0.07
-
-
-
-
Off Market
1490 E Prospect Ln, Tucson, AZ 85719
0.02
-
12
12.5
9,574
Off Market
4275 N River Grove Cir, Tucson, AZ 85719
0.04
$216,000
1
1
876
Recently Sold
1344 E Renfrew Pl, Tucson, AZ 85719
0.10
$555,000
3
2
1,734
Recently Sold
1453 E Limberlost Dr, Tucson, AZ 85719
0.07
$602,000
4
4
2,368
Off Market
4376 N Atfield Pl, Tucson, AZ 85719
0.13
$608,400
3
2
1,912
Off Market
4352 N Rillito Creek Pl, Tucson, AZ 85719
0.12
$459,100
4
3
1,758
Off Market
4356 N Atfield Pl, Tucson, AZ 85719
0.15
$670,800
2
2.5
2,028
Off Market
1321 E Prospect Ln, Tucson, AZ 85719
0.14
-
-
-
-
Off Market
4351 N Rillito Creek Pl, Tucson, AZ 85719
0.14
$449,200
3
3
1,758
Off Market
4320 N Rillito Creek Pl, Tucson, AZ 85719
0.16
$497,500
3
3.5
1,758
Recently Sold

Price and Tax history

DateEventPrice
Sep 5, 2026
Source: MLS of Southern Arizona #22621699
Listed For Sale
$3,500,000

LGBTQ Local Legal Protections

Pete M Torrez PLLC, Griggs's Group Powered by The Altman Brothers
Agent Phone: (520) 906-1000
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Zillow, Inc. are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.

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Frequently asked questions about 1492 E Prospect Ln

  • What is the estimated monthly payment for 1492 E Prospect Ln?
    Based on a $3,500,000 list price with 20% down at today's rates, the estimated monthly payment for 1492 E Prospect Ln in Tucson, AZ is approximately $20,571 (about $18,542 principal & interest, $1,954 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1492 E Prospect Ln compare to homes in Tucson?
    1492 E Prospect Ln in Tucson, AZ is listed at $3,500,000, about 965% above the $329K median sale price in Tucson.
  • What do residents say about the Campus Farm neighborhood?
    Residents describe the Campus Farm neighborhood in Tucson, AZ as dog-friendly, walkable to grocery stores, and easy to park in. See homes for sale in Campus Farm, Tucson.
  • What are the closest schools to 1492 E Prospect Ln?
    The closest schools to 1492 E Prospect Ln in Tucson, AZ are Amphitheater High School (rated 2/10), Amphitheater Middle School (rated 3/10), Rio Vista Elementary School (Pre-K, rated 3/10).
  • Does 1492 E Prospect Ln have a pool?
    Yes, 1492 E Prospect Ln in Tucson, AZ has a pool.
  • How big is the lot at 1492 E Prospect Ln?
    The lot at 1492 E Prospect Ln in Tucson, AZ is about 2.7 acres.
1492 E Prospect Ln, Tucson, AZ 85719 is a 16 bedroom, 16 bathroom, 11,942 sqft single-family home built in 1956. 1492 E Prospect Ln is located in Campus Farm, Tucson. This property is currently available for sale and was listed by MLS of Southern Arizona on Sep 5, 2026. The MLS # for this home is MLS# 22621699.