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577 Richlands Way

Fate, TX 75087
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Just listedJust listed
8 Bedroom(s)
8 Full Bath(s)
2 Sqft
0.13 Lot Acres
Multi-Family - Fourplex

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Description

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.

MLS#
NTREIS-21274734
List Price
$1,195,000 ($597,500/Sqft.)
Listing Status
For Sale
Address
577 Richlands Way
City
Fate
State
TX
Zip Code
75087
County
Rockwall County
Subdivision
Richlands Plaza
Legal Description
RICHLANDS PLAZA BLK A LOT 1
Property Type
Multi-Family - Fourplex
Bedroom
8 Bedroom(s)
Bath
8 Full Bath(s)
Stories
2
Building Size
2 Sqft/Appraisal District
Year Built
2024 /Appraisal District
Lot Size
0.13 Lot Acres/Appraisal District
Maintenance Fee
$180 / Monthly

Exterior

Roof
Asphalt,Other
Foundation
Slab
Private Pool
No
Exterior Type
Brick, Stucco
Parking
Common, On Street, Unassigned
Utility
All Weather Road,Asphalt,City Sewer,City Water

Financial information

Maintenance Fee
$180/Monthly
Maint Fee Includes
Maintenance Structure,Management Fees

Interior

Floors
Luxury Vinyl Plank
Cooling
Central Air, Electric
Heating
Central, Electric
Appliances
Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
Interior
Cable TV Available, Flat Screen Wiring, High Speed Internet Available, Multiple Staircases, Smart Home System

Lot Information

Lot Size
0.13 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Jun 04, 2026 at 04:07 PM
Listing last updated Jun 04, 2026 at 08:18 PM
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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