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577 Richlands Way, Fate, TX 75087

$1,158,900
  • 577 Richlands Way, Fate, TX 75087 Main Photo

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Active Price Reduced by $36,100 on July 8th, 2026
BEDS8 BATHS8 full SQUARE FEET4,100 MLS#21274734
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONRichlands Plaza SCHOOLRoyse City ISD

Property Description

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.

577 Richlands Way | MLS# 21274734

This multi-family property located at 577 Richlands Way, Fate, TX 75087 is currently listed for sale with an asking price of $1,158,900. Richlands Way is located within the Royse City ISD school district. Search Fate real estate on karenschaeper.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Central, Electric
Lot Size: 0.13 Acres
Roof Type: Asphalt, Other
Year Built: 2024

Amenities

Cable TV Available
Flat Screen Wiring
High Speed Internet Available
Multiple Staircases
Smart Home System

Feature Descriptions

Appliances: Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
Days on Site: 40
Exterior: Brick, Stucco
Flooring: Luxury Vinyl Plank
HOA Fee: 1385/ Quarterly
Parcel#: 000000336209
Parking: Common, On Street, Unassigned
Parking Notes: Common, On Street, Unassigned
Units: 4
Utilities: All Weather Road, Asphalt, City Sewer, City Water

Local Schools

Elementary School: Vernon
School District: Royse City ISD

Listed By / Shown By

Listed By

Agency Name: Monument Realty
Agency Contact: 714-580-6346
Agent Name: Chaz Cameli

agent picture

Shown By

Agent Name: Karen Schaeper
Agent Phone: (254) 723-0902
Agency Title: Kelly, Realtors

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Estimated Payment

$ 2,917.22 per month $2,579.21 Principal & Interest $0.00 Property Tax (data not provided by mls) $338.01 Homeowner's Insurance

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