2571 Townsend Street, Detroit
$355,000
About this home
Must-see, beautifully updated Islandview multi-family property. Located in one of Detroit’s fastest rising neighborhoods, this incredible investment opportunity won’t last! Completely renovated in the last 3 years including new roof, electrical, heating, plumbing, insulation, floors, kitchens, bathrooms and windows replaced! Both units are furnished with refrigerator, dishwasher, washer-dryer and microwave. Gorgeous neighborhood with all homes being rehabbed, provides for an excellent rental opportunity. Residents in Islandview love the accessibility to Belle Isle, River Walk and West Village just to name a few. Please schedule your showing today, this multi-family property is a must-see!
The facts
| Price | $355,000 |
| Original price | $389,000 |
| Price cut | −$34,000 |
| Beds | 6 |
| Baths | 3 full |
| Square feet | 2,800 |
| Type | Single family residence |
| Subdivision | BOULEVARD PARK SUB |
| County | Wayne |
| MLS # | 20261039261 |
| Listed | 2026-05-29 |
| Days on market | 149 |
| Year built | 1918 |
| Possession | At closing |
| Stories | 3 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Brick & mortar |
| Water / Sewer | City water & sewer |
| Parcel number | W17I012447S |
| Listing office | Signature Sotheby's International Realty Bham |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $54,400 | about $177,500 |
| Yearly property tax | $6,210 | about $11,393 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $5,183 a year more than this seller pays. The assessor's state equalized value (SEV) is $54,400. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.
Ask Match Realty about this home
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-25T23:19+00:00; refreshed at least twice daily.