577 Richlands Way, Fate, TX 75087

Fate
Local realty services provided by:Better Homes and Gardens Real Estate Senter, REALTORS(R)
577 Richlands Way,Fate, TX 75087
$1,195,000
Virtual Tour
  • 8 Beds
  • 8 Baths
  • 2 sq. ft.
  • Multi-family
  • Active
Listed by: chaz cameli
Office: monument realty
MLS#:21274734
Source:GDAR

Price summary

  • Price:$1,195,000
  • Price per sq. ft.:$500,000
  • Monthly HOA dues:$180

About this home

Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1,025 sqft. Built with quality construction and modern finishes, including Euro-style cabinetry, quartz countertops, tiled backsplashes, electric appliances, open floor plans, ensuite bedrooms, walk-in showers with tiled surrounds, Low-E windows, spray foam insulation, fire-rated walls between units, and energy-efficient appliances and LED lighting. Located in the heart of growing Fate, close to I-30, George Bush Turnpike access, Lake Ray Hubbard, restaurants, shopping, golf, and local amenities. Strong rental market, stabilized income, and fully occupied—an excellent turnkey investment property.

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Home facts

  • Year built:2024
  • Listing ID #:21274734
  • Added:1 day(s) ago
  • Updated:June 05, 2026 at 02:45 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Full bathrooms:8
  • Flooring:Luxury Vinyl Plank
  • Kitchen Description:Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
  • Living area:2 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Year built:2024
  • Building area:2 sq. ft.
  • Lot area:0.13 Acres
  • Construction Materials:Brick, Stucco
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Royse City
  • Middle school:Royse City
  • Elementary school:Vernon

Finances and disclosures

  • Price:$1,195,000
  • Price per sq. ft.:$500,000
  • Tax amount:$10,916

Features and amenities

  • Appliances:Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator

Parking

  • Total parking spaces:10
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated June 5, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Senter, REALTORS(R).

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