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577 Richlands Way
Fate TX 75087 US

$1,158,900

Active Listing ID 21274734
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8 bed
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8.00 Bath (8 Full)
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Lot: 0.13 Acres
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Quadruplex

$1,158,900

Active Listing ID 21274734
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577 Richlands Way 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, shopping, dining, and future commercial amenities, this is an excellent turnkey investment opportunity in the path of growth. Buyer and buyer's agent to verify all development plans, timelines, tenants, approvals, and future area improvements.

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Property Features

  • Facts
  • Lot Size: 0.13 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 8
  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Floor Covering: Vinyl
  • Roof Type: Asphalt
  • Heating Fuels: Central, Electric (Heating)

School Information

  • School
  • Vernon(Elementary)
  • Royse City(MiddleSchool)
  • Royse City(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 1158900
  • unparsedaddress: 577 Richlands Way
  • postalcity: Fate
  • stateorprovince: TX
  • country: US
  • postalcode: 75087
  • bathroomsfull: 8
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.13
  • lotsizeunits: Acres
  • lotsizearea: 0.13
  • livingarea: 4100
  • livingareaunits: Square Feet
  • latitude: 32.942183
  • longitude: -96.378358
  • listagentfullname: Chaz Cameli
  • listagentemail: jeff@cheneygroup.com
  • listagentkey: 3yd-NTREIS-0774669
  • listagentmlsid: 0774669
  • listagentpreferredphone: (214) 705-7827
  • listofficekey: 3yd-NTREIS-MONU01C
  • listofficemlsid: MONU01C
  • disclaimer: Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NTREIS
  • yearbuilt: 2024
  • countyorparish: Rockwall
  • parcelnumber: 000000336209
  • elementaryschool: Vernon
  • highschool: Royse City
  • elementaryschooldistrict: Royse City ISD
  • middleorjuniorschooldistrict: Royse City ISD
  • highschooldistrict: Royse City ISD
  • appliances: Dishwasher, ElectricCooktop, ElectricRange, Microwave, Refrigerator
  • cooling: Central Air, Ceiling Fan(s), Electric
  • constructionmaterials: Brick, Stucco
  • flooring: Vinyl
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 10
  • parkingfeatures: Assigned, On Street
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: HighSpeedInternet, MultipleStaircases, SmartHome, CableTv, WiredForSound
  • rooms: Bathroom 7, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 8, Bedroom 3, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 8, Bathroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -96.37836, 32.942184
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Monument Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jeff@cheneygroup.com", "ListBrokerageCity":"Frisco", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jeff@cheneygroup.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Monument Realty", "ListBrokeragePhone":"(214) 705-7827", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1 Cowboys Way, Ste 571", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":" ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"MONU01C", "ListOfficeCity":"Frisco", "ListOfficeCountry":"US", "ListOfficeEmail":"jeff@cheneygroup.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Fate, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/577-Richlands-Way_Fate_TX_75087_M94287-99306?f=listhub&s=NTREIS&m=21274734&c=rexren", "MLSModificationTimestamp":"2026-07-09 19:29:21", "Neighborhoods":[{"Description":null, "Name":"Richlands Plaza"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10916, "TaxDescription":"RICHLANDS PLAZA BLK A LOT 1", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/17/2026 5:45:23 PM GMT
Source Updated Date: 7/24/2026 12:47:26 AM GMT

Courtesy of: Chaz Cameli, Monument Realty, jeff@cheneygroup.com

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.