# 577 Richlands Way, Fate, TX 75087

> **TL;DR:** 8bd/8ba residential multi family, $1,195,000 ($597500/sqft), built 2024, 2 sqft.
> A/C. Est. $5,358/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,195,000 |
| Price/sqft | $597500 |
| Bedrooms | 8 |
| Bathrooms | 8 full |
| Square Feet | 2 |
| Year Built | 2024 |
| Lot Size | 5,663 sqft (0.13 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,178 |
| HOA | $180 |
| **Total** | **$5,358** |

## Nearby Schools

- **Elementary:** Vernon
- **Middle:** Royse City
- **High:** Royse City

## Key Amenities

- A/C

## Property Highlights

- Built in 2024
- 0.13 acre lot
- 2 stories
- 10 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 577 Richlands Way, Fate, TX 75087
- **County:** Rockwall
- **Neighborhood:** Richlands Plaza
- **Coordinates:** 32.942183, -96.378358
- **Google Maps:** https://www.google.com/maps?q=32.942183,-96.378358

## Listing Agent

- **Name:** Chaz Cameli
- **Brokerage:** Monument Realty
- **Phone:** (214) 705-7827
- **Email:** jeff@cheneygroup.com

## Primary Photo

![577 Richlands Way - Primary Photo](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f3495559463r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/577-richlands-way-fate-tx-75087-21274734)*

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**MLS#:** 21274734 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/577-richlands-way-fate-tx-75087-21274734)

---

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