The Residences at Market Square

701 Pennsylvania Avenue NW

Washington

20004

The Residences at Market Square occupy one of two neoclassical towers flanking the Navy Memorial on Pennsylvania Avenue. This full-service address offers a rooftop heated pool, fitness center, and 24-hour front desk in 105 homes, with many units opening to private terraces.

Year Built

1991

Total Units

105

Stories

Parking

Garage

Unit Sizes

1-3 Bedrooms

Price Range

$310,000 - $1,700,000

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Gallery Loctation Building Snapshot For Sale Past Sales Neighborhood Contact

Location & Neighborhood

Around the Neighborhood

Pennsylvania Avenue places you between the Capitol and the White House, with the Navy Memorial at the front door and Penn Quarter’s restaurants, theaters, and museums a short walk north. The National Mall is minutes away on foot.

Getting Around

Archives–Navy Memorial (Green/Yellow) is directly across the plaza, with Gallery Place and Metro Center a short walk away. The central location connects easily to the full Metro network.

Market Snapshot

The Residences at Market Square Market Overview

The Residences at Market Square activity: median sales price $392,500, median 69 days on market, 94.4% sale-to-list, $763/sqft. Based on 9 building-level sales in the trailing 24 months. Recent range $310,000 – $1,700,000.

Median Sales Price

$392,500

Average Days ON Market

Sale-to-list Ratio

94.4%

Homes Sold (12 MonthS)

Recent Price Range

$310,000 – $1,700,000

Units with higher floors, outdoor space, and garage parking typically command a premium within this building. Varies by unit size, floor, and condition.

Explore Opportunities at The Residences at Market Square

Current listings & upcoming opportunities
Private tour scheduling
Recent sold comps & pricing insights

Local condo specialists • Data-driven guidance • No pressure

How This Building Performs

Market Square Market Performance & Ownership Profile

Full-service tower on Pennsylvania Avenue with rooftop heated pool, fitness center, and sauna
One- to three-bedroom homes, many with private terraces overlooking the avenue
Ceremonial setting between the Capitol and White House anchors long-term demand

Market trends are based on recent sales activity and may vary by unit size, floor level, and condition.

Annual Sales Report for The Residences at Market Square

Current listings & upcoming opportunities
Private tour scheduling
Recent sold comps & pricing insights

Local condo specialists • Data-driven guidance • No pressure

For Sale

Available Units at The Residences at Market Square

Browse current listings and see what’s available now.

Explore the latest Market Square residences currently offered for sale below. Inventory in this building can move quickly and not every opportunity is publicly advertised. If you don’t see a unit that fits your needs (or none are showing right now), there may still be private/exclusive or coming soon homes available through agent networks. Reach out and we’ll share what we’re seeing off-market, confirm upcoming listings, and help you target the right floor plan, exposure, and price point.

Past Sales

Sold Units at The Residences at Market Square

View sold condo units to get a general idea of pricing, finishes and details. For a full CMA Contact Us

Learn More About The Residences at Market Square – Penn Quarter – Washington DC ↓

Range: One- to three-bedroom layouts.
Sizes: Roughly 446 to 1,800 square feet.
Outdoor: Many homes open to private terraces.
Setting: Neoclassical tower framing the Navy Memorial.

Associate Broker

Evan@WardmanRE.com

703-447-6137 Cell

As a Washington, DC real estate advisor for more than 25 years, Evan specializes in Market Square and the local condo market. I’ve helped over 1,450 clients buy and sell with clear strategy, strong negotiation, and calm, hands-on guidance from start to finish.

If you’re considering a move in or out of Market Square, Evan can help you price and position correctly, evaluate value floor-by-floor, and navigate building-specific details that impact timing and resale. Reach out any time for a private conversation, a pricing opinion, or a smart plan tailored to your goals.

Rooftop: Heated pool and lounge deck.
Wellness: Fitness center and sauna.
Service: 24-hour front desk and security.
Storage: Additional resident storage available.
Parking: Secure underground garage.

Metro: Archives–Navy Memorial across the plaza; Gallery Place nearby.
Monuments: Steps to the National Mall and Pennsylvania Avenue.
Culture: Penn Quarter dining, theaters, and museums a short walk north.
Walkability: Between the Capitol and the White House on foot.

Living in Penn Quarter

Modern full-service condominiums in the cultural core
At the doorstep of Capital One Arena, theaters, and museums
Gallery Place-Chinatown and Archives Metro within a short walk
Destination dining and weekend farmers markets
Walkable to the National Mall and downtown offices
Loft and condo options in historic and new buildings

Penn Quarter is the cultural heart of Downtown DC — a lively, walkable neighborhood where theaters, museums, galleries, and restaurants share the blocks around Capital One Arena. It draws buyers who want energy at their doorstep: game nights, opening nights, and a dining scene that rivals any in the city.

The housing is predominantly modern, full-service condominiums — concierge buildings with fitness centers and rooftop amenities — along with a few boutique conversions in historic storefronts. Many homes offer open layouts and floor-to-ceiling windows overlooking the action below.

Life here is built around walkability and choice: the National Portrait Gallery and Shakespeare Theatre steps away, farmers markets on weekends, and restaurants ranging from quick lunches to destination dining. Gallery Place-Chinatown and Archives Metro put the entire network within reach.

If you’re considering Penn Quarter, the trade-offs are energy versus quiet and floor versus view. I’m glad to walk you through current inventory, building-by-building differences, and where long-term value tends to concentrate.

Wardman in Penn Quarter