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$1,158,900

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
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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.

Full Property Details for 577 Richlands Wy

General

  • Price: $1,158,900
  • HOA FEE: $462/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $10,916
  • Status: Active
  • Type: Multi-Family
  • Source: NTREIS
  • MLS ID: 21274734
  • Updated: 7/9/2026
  • Added to Site: 83 day(s) ago

Interior

  • Interior Features: High Speed Internet, Multiple Staircases, Smart Home, Cable TV, Wired for Sound
  • Appliances: Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 8

Bedrooms

  • Total Bedrooms: 8

Parking

  • Total Spaces: 10
  • Parking Features: Common, On Street, Unassigned

Location

  • County: Rockwall
  • Subdivision: Richlands Plaza
  • Driving Directions: GPS

School Information

  • Elem School District: Royse City ISD
  • Midd School District: Royse City ISD
  • High School District: Royse City ISD
  • Elementary School: Vernon
  • Middle School: Royse City
  • High School: Royse City

Community

  • Association: Yes
  • Assoc. Name: Richland Plaza HOA
  • Assoc. Fees Include: Association Management, Maintenance Structure

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Sewer Available, Water Available, Cable Available

Structural Information

  • # Buildings: 12
  • Detached/Attached: Detached
  • Construction: Brick, Stucco
  • Roof: Asphalt, Other
  • Stories/Levels: 2
  • Square Feet: 4,100
  • Sq. Ft. Source: Public Records
  • Living Area: 4,100 Sq. Ft.
  • Year Built: 2024

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,662.8
  • Frontage: All Weather Road, Asphalt

Financial Considerations

  • Association Fee: $1,385
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $10,916
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: RICHLANDS PLAZA BLK A LOT 1
  • Property ID: 336209
  • Block: A
  • Lot Number: 1

Listed by Monument Realty, Chaz Cameli

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Listing agent

— 577 Richlands Wy —

  • Chaz Cameli

    Monument Realty

714-580-6346

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 577 Richlands Wy

School District:Royse City Independent School District
NameGradesDistance
Harry Herndon Elementary School
300 Blackland Road, Royse City, TX 75189
K-50.9 mi
Bobby Summers Middle
2050 C D Boren Pkwy, Fate, TX 75087
6-80.8 mi
Royse City High School
700 Fm 2642, Royse City, TX 75189
9-125.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 577 Richlands Wy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/08/2026
Price Reduced
$1,158,900
-3.02%
MLS
6/04/2026
Listed
$1,195,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 577 Richlands Wy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,916
—
$770,943
27%
2025
$10,916
—
$607,443
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Monument Realty, Chaz Cameli

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577 Richlands Way, Fate, TX 75087 (MLS# 21274734) is a Multi-Family property with 4 units containing 8 bedrooms and 8 full bathrooms. 577 Richlands Way is currently listed for $1,158,900 and was received on June 04, 2026. Want to learn more about 577 Richlands Way? Do you have questions about finding other Multi-Family real estate for sale in Fate? You can browse all Fate real estate or contact a Coldwell Banker agent to request more information.

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