For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Leased Fourplex Investment Title is generated by Realmo AI

    577 Richlands Way, Fate, TX 75087

    View on Map
    Claim this Listing
    New
    For Sale
    $1,195,000

    MULTI_FAMILY - Fate, TX

    Property size:
    4,100 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $291/SF
    Added:
    Jun 22, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 22 at 5:06 pm

    Property Features for 577 Richlands Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    8
    Rooms
    Bedroom 8, Bathroom 4, Bathroom 7, Bathroom 3, Bedroom 3, Bathroom 5, Bathroom 8, Bedroom 6, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 6, Bedroom 2, Bedroom 7
    Parking
    10
    Parking features
    Assigned, On Street
    Interior features
    HighSpeedInternet, MultipleStaircases, SmartHome, CableTv, WiredForSound
    Appliances
    Dishwasher, ElectricCooktop, ElectricRange, Microwave, Refrigerator
    Standard status
    Active
    APN
    000000336209
    Size
    4,100 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Description
    RICHLANDS PLAZA BLK A LOT 1
    Tax Annual Amount
    10916

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    Brick, Stucco
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Chaz Cameli

    Listing agent Chaz Cameli License #0774669

    Listing office Monument Realty Frisco, TX

    Listing date Jun 22, 2026

    MLS# 21274734 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully leased 4‑plex with four 2‑bedroom, 2‑bath units, each approximately 1,025 sqft
    • Year built 2024 construction with brick and stucco exterior and asphalt roof
    • Modern unit finishes include Euro‑style cabinetry, quartz countertops, and tiled backsplash areas
    • Low‑E windows, spray foam insulation, and fire‑rated walls between units for added separation
    • Each unit features open floor plans with ensuite bedrooms and walk‑in showers with tiled surrounds
    • Utilities include public water and public sewer; central heating and central air (with ceiling fans)

    Overview

    This fully leased fourplex provides four spacious 2-bedroom, 2-bath units. Each unit is approximately 1,025 square feet and features Euro-style cabinetry, quartz countertops, tiled backsplashes, electric appliances, and open floor plans. The interiors also include ensuite bedrooms, walk-in showers with tiled surrounds, Low-E windows, spray foam insulation, and fire-rated walls between units, along with energy-efficient appliances and LED lighting.

    The property is located at 577 Richlands Way in Fate, Texas, in downtown Fate. Access is supported by proximity to I-30 and George Bush Turnpike, with Lake Ray Hubbard, restaurants, shopping, golf, and local amenities nearby.

    For investors or owner-operators looking for a turnkey rental property, the all-units-occupied structure offers straightforward management with consistent unit mix. The 2-bedroom, 2-bath layout may appeal to tenants seeking additional space while maintaining a similar floor plan across all four units.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Fate
    County
    Rockwall
    State
    Texas
    Longitude
    -96.378358
    Latitude
    32.942183

    FAQs

    What type of property is this?
    Quadplex - Turnkey fourplex with four leased 2-bedroom, 2-bath units and modern, energy-conscious interior finishes.
    Where is this quadplex located?
    The property is located at 577 Richlands Way Fate, TX.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Fully leased 4‑plex with four 2‑bedroom, 2‑bath units, each approximately 1,025 sqft; Year built 2024 construction with brick and stucco exterior and asphalt roof; Modern unit finishes include Euro‑style cabinetry, quartz countertops, and tiled backsplash areas
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message