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For salePrice cut: $58.9K (8/30)
$1,100,000
8beds
4,100sqft

577 Richlands Way, Fate, TX 75087

8beds
4,100sqft
Quadruplex, multi family
Built in 2024
10 Parking spaces
$268 price/sqft
$462/mo HOA

What's special

Modern finishesOpen floor plansElectric appliancesEnsuite bedroomsLow-e windowsQuartz countertopsEnergy-efficient appliances

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.

91 days
|
327
|
17
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Source: NTREIS,MLS#: 21274734
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Chaz Cameli 0774669 714-580-6346,

Monument Realty 214-705-7827

Source: NTREIS,MLS#: 21274734

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 8
  • Bathrooms: 8
  • Full bathrooms: 8
Heating
  • Central, Electric
Cooling
  • Central Air, Ceiling Fan(s), Electric
Appliances
  • Included: Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
Features
  • High Speed Internet, Multiple Staircases, Smart Home, Cable TV, Wired for Sound
  • Flooring: Luxury Vinyl Plank
Interior area
  • Total structure area: 4,100
  • Total interior livable area: 4,100 sqft
Video & virtual tour

Property

Parking
  • Total spaces: 10
  • Parking features: Common, On Street, Unassigned
Features
  • Levels: Two
  • Stories: 2
  • Pool features: None
Lot
  • Size: 5,662 Square Feet
Details
  • Parcel number: 000000336209

Construction

Type & style
  • Home type: MultiFamily
  • Property subtype: Quadruplex, Multi Family
Materials
  • Brick, Stucco
  • Foundation: Slab
  • Roof: Asphalt,Other
Condition
  • Resale
  • Year built: 2024

Utilities & green energy

  • Sewer: Public Sewer
  • Water: Public
  • Utilities for property: Sewer Available, Water Available, Cable Available

Community & HOA

Community
  • Subdivision: Richlands Plaza
HOA
  • Has HOA: Yes
  • Services included: Association Management, Maintenance Structure
  • HOA fee: $1,385 quarterly
  • HOA name: Richland Plaza Hoa
  • HOA phone: 972-439-0640
Location
  • Region: Fate

Financial & listing details

  • Price per square foot: $268/sqft
  • Annual tax amount: $10,916
  • Date on market: 6/4/2026
  • Cumulative days on market: 91 days
  • Listing terms: Cash,Conventional,FHA,VA Loan
  • Road surface type: Asphalt

Price history

DateEventPrice
8/30/2026Price change$1,100,000-5.1%$268/sqft
Source: NTREIS #21274734 Report a problem
7/8/2026Price change$1,158,900-3%$283/sqft
Source: NTREIS #21274734 Report a problem
6/4/2026Listed for sale$1,195,000$291/sqft
Source: NTREIS #21274734 Report a problem
2/4/2026Listing removed$1,600
Source: Zillow Rentals Report a problem
12/11/2025Listed for rent$1,600-5.9%
Source: Zillow Rentals Report a problem
11/18/2025Listing removed$1,700
Source: Zillow Rentals Report a problem
8/29/2025Price change$1,700+6.6%
Source: Zillow Rentals Report a problem
8/24/2025Listed for rent$1,595
Source: Zillow Rentals Report a problem
4/9/2025Sold--
Source: NTREIS #20769264 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment
$7,376/mo
Principal & interest
$5594
Property taxes
$1320
HOA Fees
$462
More affordability toolsChevron Right

Estimated market value

$1,056,400

$1.00M - $1.11M

$1,697/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 75087

Nearby schools

Harry Herndon Elementary School
Grades PK-50.9 miles
4/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
3/10
Bobby Summers Middle
Grades 6-80.8 miles
6/10
GreatSchools® Rating
Test Score Rating
6/10
Student Progress Rating
5/10
Royse City High School
Grades 9-125.5 miles
5/10
GreatSchools® Rating
Test Score Rating
5/10
College Readiness Rating
4/10
Student Progress Rating
5/10