577 Richlands Way, Fate, TX 75087
What's special
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.
- 137 days
- 267
- 18
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Chaz Cameli 0774669 714-580-6346,
Monument Realty 214-705-7827
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: $1,041 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: 138 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2026 | Listed for rent | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 10/11/2026 | Listing removed | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 9/20/2026 | Listed for rent | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 8/30/2026 | Price change | $1,100,000-5.1%$268/sqft |
Source: NTREIS #21274734 Report a problem | ||
| 7/8/2026 | Price change | $1,158,900-3%$283/sqft |
Source: NTREIS #21274734 Report a problem | ||
| 6/4/2026 | Listed for sale | $1,195,000$291/sqft |
Source: NTREIS #21274734 Report a problem | ||
| 2/4/2026 | Listing removed | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 12/11/2025 | Listed for rent | $1,600-5.9% |
Source: Zillow Rentals Report a problem | ||
| 11/18/2025 | Listing removed | $1,700 |
Source: Zillow Rentals Report a problem | ||
| 8/29/2025 | Price change | $1,700+6.6% |
Source: Zillow Rentals Report a problem | ||
| 8/24/2025 | Listed for rent | $1,595 |
Source: Zillow Rentals Report a problem | ||
| 4/9/2025 | Sold | -- |
Source: NTREIS #20769264 Report a problem | ||
Public tax history
Monthly payment
Estimated market value
$1,063,700
$1.01M - $1.12M
$2,255/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.