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577 Richlands Way
Fate TX 75087 US

$1,195,000

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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Other

$1,195,000

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 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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Property Features

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

School Information

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

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1195000
  • 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: 2
  • 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: Ceiling Fan(s), Electric, Central Air
  • constructionmaterials: Brick, Stucco
  • flooring: Vinyl
  • heating: Electric (Heating), Central
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 10
  • parkingfeatures: On Street, Assigned
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: HighSpeedInternet, MultipleStaircases, SmartHome, CableTv, WiredForSound
  • rooms: Bedroom 6, Bathroom 8, Bathroom 6, Bedroom 8, Bathroom 1, Bedroom 5, Bathroom 7, Bedroom 2, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 7
  • 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":"2026-06-04 17:32:19", "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: 6/4/2026 10:29:54 PM GMT
Source Updated Date: 6/8/2026 1:00:21 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.