# 577 Richlands Way, Fate, TX 75087 > **TL;DR:** 8bd/8ba multi-family, $1,100,000 ($268/sqft), built 2024, 4,100 sqft. > A/C. Est. $6,924/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,100,000 | | Price/sqft | $268 | | Bedrooms | 8 | | Bathrooms | 8 full | | Square Feet | 4,100 | | Year Built | 2024 | | Lot Size | 5,663 sqft (0.13 acres) | | Stories | 2 | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,562 | | Estimated Insurance | $321 | | HOA | $1,041 | | **Total** | **$6,924** | ## 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 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. ## 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 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21274734 ## Listing Agent - **Name:** Chaz Cameli - **Brokerage:** Monument Realty - **Phone:** (214) 705-7827 - **Broker Phone:** (214) 705-7827 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/577-Richlands-Way_Fate_TX_75087_M94287-99306?f=listhub&s=NTREIS&m=21274734&c=propsimple) ## Photos ![577 Richlands Way - Photo 1](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f3495559463r.jpg) ![577 Richlands Way - Photo 2](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f580088338r.jpg) ![577 Richlands Way - Photo 3](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f2304574711r.jpg) ![577 Richlands Way - Photo 4](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f1884244621r.jpg) ![577 Richlands Way - Photo 5](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f795810602r.jpg) ![577 Richlands Way - Photo 6](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f2431675291r.jpg) ![577 Richlands Way - Photo 7](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f3259996418r.jpg) ![577 Richlands Way - Photo 8](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f792911169r.jpg) ![577 Richlands Way - Photo 9](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f445062980r.jpg) ![577 Richlands Way - Photo 10](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f3839765407r.jpg) ![577 Richlands Way - Photo 11](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f2996970593r.jpg) ![577 Richlands Way - Photo 12](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f1689564714r.jpg) ![577 Richlands Way - Photo 13](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f1884244621r.jpg) ![577 Richlands Way - Photo 14](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f795810602r.jpg) ![577 Richlands Way - Photo 15](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f792911169r.jpg) ![577 Richlands Way - Photo 16](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f2431675291r.jpg) ![577 Richlands Way - Photo 17](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f2534701804r.jpg) ![577 Richlands Way - Photo 18](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f3259996418r.jpg) ![577 Richlands Way - Photo 19](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f1904843560r.jpg) ![577 Richlands Way - Photo 20](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f2939317959r.jpg) ![577 Richlands Way - Photo 21](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f822999520r.jpg) ![577 Richlands Way - Photo 22](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f1689564714r.jpg) ![577 Richlands Way - Photo 23](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f3759734740r.jpg) ![577 Richlands Way - Photo 24](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f445062980r.jpg) ![577 Richlands Way - Photo 25](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f1904843560r.jpg) ![577 Richlands Way - Photo 26](http://lh.rdcpix.com/9995c70b05e4df754022658eb0db6fe9l-f822999520r.jpg) --- **MLS#:** 21274734 | **Updated:** 2026-09-24 **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.ai/listing/577-richlands-way-fate-tx-75087-21274734) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/577-richlands-way-fate-tx-75087-21274734#listing", "url": "https://www.propertysimple.ai/listing/577-richlands-way-fate-tx-75087-21274734", "name": "577 Richlands Way, Fate, TX 75087", "description": "Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1,025 sqft. 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