577 Richlands Way, Fate, TX 75087

Fate
Local realty services provided by:Better Homes and Gardens Real Estate Winans
577 Richlands Way,Fate, TX 75087
$1,158,900
Virtual Tour
  • 8 Beds
  • 8 Baths
  • 4,100 sq. ft.
  • Multi-family
  • Active
Listed by: chaz cameli
Office: monument realty
MLS#:21274734
Source:GDAR

Price summary

  • Price:$1,158,900
  • Price per sq. ft.:$282.66
  • Monthly HOA dues:$461.67

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 in 2024 with modern finishes, quartz countertops, Euro-style cabinetry, 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. Located in one of the fastest-growing areas of Fate, this property sits near major local growth and future commercial development, including the planned Fate Yards project at Memorial Parkway and I-30. Fate Yards is expected to bring a large-scale entertainment, dining, retail, office, hospitality, gym, movie theater, greenspace, and restaurant destination to the area, further supporting long-term rental demand and neighborhood convenience. With stabilized income, full occupancy, and proximity to I-30, George Bush Turnpike access, Lake Ray Hubbard,...

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Home facts

  • Year built:2024
  • Subdivision & Development:Richlands Plaza
  • Listing ID #:21274734
  • Added:56 day(s) ago
  • Updated:July 30, 2026 at 12:11 PM

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:4,100 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:4,100 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:$1,158,900
  • Price per sq. ft.:$282.66
  • 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 July 30, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.

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