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21 DAYSMULTI-FAMILY · RICHLANDS PLAZA

$1,195,000

577 Richlands Way, Fate, TX 75087
8 BD · 8 BA · 4,100 SQFT · BUILT 2024 · $291/SQFT

Richlands Plaza, Fate — 21 days on the market.

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.

01 — THE NUMBERS
DAYS ON MARKET
21
$ / SQFT
$291
PROPERTY TYPE
Multi-family
YEAR BUILT
2024
STATUS
Active
LISTED
JUN 17
LOT
0.13 AC
02 — KNOW THE CITY
FateFULL CITY REPORT →
THIS HOME VS CITY MEDIAN ($370K · EDITORIAL EST.)
+223% VS MEDIANROYSE CITY ISD · ROCKWALL COUNTY · 32 MIN TO DT DALLAS
LISTING COURTESY OF MONUMENT REALTYMLS# 21274734 · NTREIS
LAST UPDATED JUN 25, 2026, 12:53 PM CT · NTREIS IDX · LISTING INFORMATION PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. (NTREIS). INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED. DATA MAY NOT REFLECT ALL REAL ESTATE ACTIVITY IN THE MARKET. COPYRIGHT NTREIS. ALL RIGHTS RESERVED.
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