Date
Details
Price
Change
Source
6/04/2026
Listed
$1,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/26
$1,195,000 Just Listed
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1/26
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 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.
Full Property Details
Full Property Details for 577 Richlands Wy
General
- Price: $1,195,000
- HOA FEE: $180/month
- Taxes: $10,916
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21274734
- Updated: Today (6/4/2026)
- Added to Site: Today
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: FREIT 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: 2.39
- Sq. Ft. Source: Public Records
- Living Area: 2.39 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: $180
- Assoc Fee Freq.: Monthly
- 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
We Value Your Privacy
We Value Your Privacy
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Listing agent
— 577 Richlands Wy —
Chaz Cameli
Monument Realty
714-580-6346
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 577 Richlands Wy
School District:Royse City Independent School District
| Name | Grades | Distance |
|---|---|---|
Harry Herndon Elementary School 300 Blackland Road, Royse City, TX 75189 | K-5 | 0.9 mi |
Bobby Summers Middle 2050 C D Boren Pkwy, Fate, TX 75087 | 6-8 | 0.8 mi |
Royse City High School 700 Fm 2642, Royse City, TX 75189 | 9-12 | 5.5 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
Tax History
Tax History for 577 Richlands Wy
Year
Property Taxes
Change
Tax Assessment
Change
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.
Estimate the Cost
Estimate the Cost for 577 Richlands Wy
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- Single Family
- Active
- Updated 4 hours ago
- 4Beds
- 2Total Baths
Listed by Make Your Move Group (214) 828-4300
- Single Family
- Active
- Updated 13 hours ago
- 4Beds
- 3Total Baths
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 $1,195,000 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.