701 Pennsylvania Ave NW #1002

Washington, DC 20004

Sold For
$327,000
In The Residences at Market Square · See the building’s listings, recent sales & amenities →
Neighborhood: Penn Quarter · Explore Penn Quarter homes, prices & market data →

Property Highlights

  • Penn Quarter Location
  • Tenth Floor Residence
  • 495 Square Feet
  • On-Site Rental Parking
  • HOA Covers Water
  • Near Archives Metro
MLS ID
1004371816
Parking
On-Site Rental Parking
Year Built
1991
HOA Fee

Property Details

Sold Price: $327,000

1 Bed

1 Bath

495 Sq Ft

On-Site Rental Parking

Year Built: 1991

Sold Price: $327,000

1 Bed

1 Bath

495 Sq Ft

Parking: On-Site Rental Parking

Year Built: 1991

Executive Summary

Unit 1002 at 701 Pennsylvania Ave NW is a one-bedroom, one-bath residence in the heart of Penn Quarter, one of Washington DC’s most connected and culturally active corridors. At 495 square feet, the floor plan is efficient and well-suited to urban living. The building, constructed in 1991, offers on-site rental parking and an HOA structure that covers exterior maintenance, insurance, reserve funds, snow removal, trash, and water. The Archives-Navy Memorial Metro station is close at hand, and the National Mall, federal buildings, and a dense concentration of dining and retail are all within easy reach.

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701 Pennsylvania Ave NW #1002 — Penn Quarter, Washington DC

A Penn Quarter Address on the Avenue

Unit 1002 at 701 Pennsylvania Ave NW occupies a compelling position in Penn Quarter, one of the most recognizable addresses in Washington DC. The residence sits on the tenth floor of a building constructed in 1991, offering elevated city perspectives and straightforward access to the civic and cultural institutions that define this part of NW.

The 495-square-foot floor plan is thoughtfully scaled for a one-bedroom, one-bath configuration. The HOA covers a meaningful range of operating costs — exterior building maintenance, insurance, reserve funds, snow removal, trash, and water — reducing the day-to-day management burden for the owner.

On-site rental parking is available, a notable convenience in a neighborhood where street parking is limited. The Archives-Navy Memorial Metro station provides direct access to the broader DC Metro system, and the National Mall, federal triangle, and Penn Quarter’s restaurant and gallery district are all within close proximity.

At $327,000, this residence represents a direct entry point into one of DC’s most storied addresses, with the infrastructure and location to support a range of ownership goals.

The Address
701 Pennsylvania Ave NW is one of the most recognizable addresses in the District, situated in Penn Quarter between the federal triangle and the city’s downtown core. The building places residents within walking distance of the National Mall, major museums, and the dense commercial activity of NW’s central corridor.
The Residence
Unit 1002 is a one-bedroom, one-bath residence spanning 495 square feet. The tenth-floor position provides elevated views and a degree of separation from street-level activity, while the efficient layout makes practical use of every square foot.
Building and HOA
The HOA covers exterior building maintenance, insurance, reserve funds, snow removal, trash, and water. This breadth of coverage simplifies ownership costs and provides a clear picture of monthly carrying expenses from the outset.
Parking and Transit
On-site rental parking is available for residents who require it — a meaningful asset given Penn Quarter’s limited street parking. The Archives-Navy Memorial Metro station is close at hand, connecting this address to the full Metro network and making car-free living a practical option.

Residence at a Glance

  • 1 Bedroom / 1 Bath
  • 495 Square Feet
  • Tenth Floor
  • Built 1991
  • On-Site Rental Parking
  • HOA Covers Water and Utilities
  • Penn Quarter NW
  • Near Archives Metro
Reach out for details
All information believed accurate but not guaranteed. Buyers should independently verify square footage, HOA fees, and all material facts.
Property Features — 701 Pennsylvania Ave NW #1002

Efficient Design at a Central DC Address

Unit 1002 offers a one-bedroom, one-bath configuration within 495 square feet on the tenth floor of a well-established Penn Quarter building. The HOA covers a broad range of building expenses, and on-site rental parking is available for residents who need it.

Interior and Layout

  • One-bedroom one-bath floor plan
  • 495 square feet of interior space
  • Tenth-floor position with elevated city perspective
  • Built 1991 construction
  • Efficient layout suited to central DC living

Kitchen

  • Kitchen positioned within the efficient one-bedroom floor plan
  • Functional layout for everyday use
  • Integrated within the 495-square-foot residence

Primary Bedroom and Bath

  • One full bath serving the primary bedroom
  • Private bedroom configuration within the compact floor plan
  • Tenth-floor elevation provides separation from street-level activity

Outdoor and Building Access

  • On-site rental parking available for residents
  • Building access in the heart of Penn Quarter NW
  • Proximity to Navy Memorial Plaza and National Mall open space

What Sets This Apart

  • Pennsylvania Avenue address in the civic and cultural center of DC
  • Tenth-floor position in a building with broad HOA cost coverage
  • HOA includes water, insurance, exterior maintenance, and reserve funds
  • On-site rental parking available in a neighborhood with limited street options
  • Walkable access to Archives Metro, the National Mall, and Penn Quarter dining
Discuss this property
Information believed accurate but not guaranteed; buyers should independently verify all material facts and HOA documents.

Neighborhood & Lifestyle

Life Within Reach

A snapshot of everyday conveniences, destinations and experiences just moments from your door.   

Neighborhood & Lifestyle

Life Within Reach

A snapshot of everyday conveniences, destinations and experiences just moments from your door.   

Transit and Commuting
  • Archives-Navy Memorial Metro station nearby on the Green and Yellow Lines
  • Gallery Place-Chinatown Metro station accessible for Red Line connections
  • Multiple Metrobus routes along Pennsylvania Ave NW
  • Proximity to Union Station for Amtrak and MARC rail
  • On-site rental parking available for residents
Dining and Coffee
  • Penn Quarter restaurant corridor along 7th and 9th Streets NW
  • Local cafes and coffee shops within walking distance
  • Chinatown dining options a short walk north
  • Navy Memorial Plaza area eateries nearby
  • Downtown DC lunch and dinner options throughout the immediate area
Groceries and Retail
  • Grocery options accessible in the Penn Quarter and Gallery Place area
  • Pharmacies and convenience retail within the immediate neighborhood
  • Downtown DC retail corridors along F and G Streets NW
  • Federal Triangle area services nearby
Parks and Culture
  • National Mall open space a short walk south
  • National Portrait Gallery and Smithsonian American Art Museum nearby
  • Capital One Arena within the Penn Quarter neighborhood
  • Pershing Park and adjacent green spaces accessible on foot
  • Navy Memorial Plaza steps from the building

Property Location

About 701 Pennsylvania Ave NW #1002

The residence at 701 Pennsylvania Ave NW #1002 is a one-bedroom, one-bath condo on the tenth floor of a building constructed in 1991 in Penn Quarter, NW. At 495 square feet, the layout is compact and purposeful, suited to the pace and scale of central DC living. The building’s HOA structure covers exterior maintenance, insurance, reserve funds, snow removal, trash, and water, providing a well-defined cost framework for prospective owners.

Penn Quarter occupies a central position in Washington DC’s NW quadrant, bordered by the federal triangle to the south and the city’s downtown commercial core to the north. The neighborhood is home to the National Portrait Gallery, the Smithsonian American Art Museum, Capital One Arena, and a concentrated stretch of restaurants, galleries, and bars along 7th and 9th Streets. Pennsylvania Avenue itself carries significant civic weight as the ceremonial corridor connecting the White House to the Capitol, and this address sits squarely along that route.

Daily life at this address is defined by walkability and access. Local cafes, restaurants, and grocery options are within easy reach, and the National Mall’s open space provides a counterpoint to the density of the surrounding blocks. The Archives-Navy Memorial Metro station connects residents to the Red, Green, and Yellow Lines, and the broader DC Metro network extends commuting range across the region. On-site rental parking accommodates those who prefer to keep a vehicle.

A Wardman team member and the Wardman Residential team at Compass have worked extensively with buyers and sellers in Penn Quarter and the broader downtown DC condo market. We understand the nuances of this submarket — from HOA structures and building financials to the competitive dynamics of centrally located DC residences. If you are considering a condo in Penn Quarter or the surrounding NW neighborhoods, we would be glad to share recent comparables and our perspective on current market conditions.

Frequently Asked Questions About This Property

Key details about the residence, building, and location to help you evaluate this opportunity.

The HOA at 701 Pennsylvania Ave NW covers exterior building maintenance, insurance, reserve funds, snow removal, trash, and water. This is a relatively comprehensive package that simplifies the monthly cost picture for owners. Buyers should request the current fee schedule and HOA financial documents to confirm the exact monthly amount.
On-site rental parking is available at the building, which is a meaningful convenience in Penn Quarter where street parking is limited and competitive. Parking is offered on a rental basis rather than included with the unit, so buyers should confirm current availability and monthly rental rates directly.
The Archives-Navy Memorial Metro station on the Green and Yellow Lines is the closest station to 701 Pennsylvania Ave NW. Gallery Place-Chinatown, which serves the Red, Green, and Yellow Lines, is also accessible on foot. Both stations provide strong connectivity to the broader DC Metro network.
Penn Quarter is one of DC’s most centrally located and active neighborhoods, situated between the federal triangle and the downtown commercial core in NW. The area is home to major cultural institutions, Capital One Arena, and a dense concentration of restaurants and galleries. Pennsylvania Avenue itself is the ceremonial corridor connecting the White House to the Capitol.
Unit 1002 is a one-bedroom, one-bath residence spanning 495 square feet on the tenth floor of the building. The layout is compact and efficient, designed for the scale of central DC urban living. The tenth-floor position provides an elevated perspective above the immediate street level.
The building was constructed in 1991, placing it in a generation of DC condominiums that have established track records for building management and HOA stability. Buyers are encouraged to review the building’s reserve fund study and recent meeting minutes as part of their due diligence.
The residence is listed at $327,000, which represents a direct entry point into Penn Quarter ownership at one of DC’s most recognized addresses. Buyers interested in understanding how this price compares to recent sales in the building or the broader Penn Quarter condo market should reach out to the Wardman team for current comparables.
The Wardman Residential team at Compass has experience working with buyers in the Penn Quarter and downtown DC condo market, including navigating HOA review, building financials, and competitive offer situations. Reaching out to a Wardman team member is the best first step to understanding current inventory, recent comparables, and the advisory support available throughout the transaction.

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