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Residences at Market Square - East Tower

Residences at Market Square - East Tower

Residences at Market Square - East Tower
Condominium Building
701 Pennsylvania Ave NW
Washington, DC 20004-2608
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

105 Units
14 Stories
1990 Year Built
$375K - $1.7M Value Range

Available Units

For Sale
For Rent

Highlights

  • Concierge
  • Thomson Elementary School Rated A-
  • Roof Top Pool
  • Fitness Center
  • 24-Hour Security
  • City View

Neoclassical Elegance in the Heart of Washington, D.C.

The Residences at Market Square - East Tower, designed with Neoclassical architectural elements, stands as a 14-story testament to timeless elegance. Completed in 1990, this building houses 105 condominium units and is located in the vibrant Penn Quarter neighborhood. Its symmetrical shape, tall columns reminiscent of Greek and Roman architecture, and decorative cornice make it a distinctive presence on Pennsylvania Avenue. Situated equidistant between the Capitol building and the White House, the building offers a prime location for those seeking to immerse themselves in the cultural and political heartbeat of the nation’s capital.

Diverse Layouts with Modern Comforts

The Residences at Market Square - East Tower offers a variety of floor plans to suit different lifestyles, ranging from cozy studios to expansive three-bedroom units. Studio units, approximately 500 square feet, feature one bathroom and are perfect for those seeking a compact yet functional living space. One-bedroom units vary from 445 to 985 square feet, with prices ranging from $369,000 to $775,736.5. These units often include features such as floor-to-ceiling windows, French doors leading to private terraces, and modern kitchens with stainless steel appliances and granite countertops. Two-bedroom units, spanning from 761 to 2,108 square feet, offer one to two and a half bathrooms and are priced around $1,600,000. These units boast spacious living areas, gourmet kitchens with high-end appliances, and luxurious bathrooms with features like dual sink vanities and frameless glass-enclosed showers. The largest units, three-bedroom layouts, range from 1,123 to 1,729 square feet and include two bathrooms. These units provide ample space for families or those desiring extra room for guests or a home office. Many units feature private terraces with breathtaking views of iconic landmarks such as the Washington Monument and the National Archives. Monthly HOA fees range from $700 to $1,000, covering amenities like cable TV, high-speed internet, common area maintenance, and more.

Comprehensive Amenities for a Comfortable Lifestyle

The Residences at Market Square - East Tower offers a range of amenities designed to enhance the living experience of its residents. The rooftop pool, with its expansive sundeck, provides a perfect spot for relaxation while enjoying panoramic views of the city. The fitness center is equipped with modern exercise equipment, and the sauna offers a place to unwind after a workout. The building features a 24-hour front desk and concierge service, ensuring that residents' needs are met around the clock. Secure and monitored garage parking is available, with optional reserved rental spaces for added convenience. The building also includes a courtyard, a health club, and dedicated storage units for residents. Business services such as on-site management, 24-hour security, and a concierge are available to assist with various needs. The building's secure entry and private elevator add an extra layer of safety and convenience for residents.

Vibrant Penn Quarter: A Hub of Culture and Convenience

Penn Quarter is a bustling neighborhood where politicians, diplomats, lawyers, and ambitious young professionals mingle at swanky restaurants, electrifying arena concerts, and rousing theater performances. The area is punctuated by the Capital One Arena, the Chinatown district, and the National Portrait Gallery, making it a hub of entertainment, art, and culture. Dining options abound, from upscale experiences at restaurants like barmini or Jaleo by celebrity chef Jose Andres to casual spots like Ella's Wood Fired Kitchen. The neighborhood also preserves much of its Chinatown culture, with authentic Chinese food available at places like Full Kee and NewBigWong. For those interested in sports and entertainment, the Capital One Center hosts events for the Washington Capitals, Washington Wizards, and Georgetown University Hoyas. Shopping is plentiful, with luxury stores at CityCenterDC and various retail options at Gallery Place. For groceries and essentials, residents can walk to the nearby Safeway. The National Mall, just steps away, offers green space and access to iconic landmarks like the Washington Monument and the Lincoln Memorial Reflecting Pool.

Exceptional Connectivity and Accessibility

The Residences at Market Square - East Tower is exceptionally well-connected, making transportation a breeze. The Archives-Navy Memorial Metrorail station, serving the Green and Yellow Lines, is just a minute's walk away. The Gallery Place-Chinatown station, offering access to the Green, Red, and Yellow Lines, is about five minutes away. Additional nearby stations include Judiciary Square, Federal Triangle, and Metro Center, providing access to multiple transit lines. Several bus stops are within a short walking distance, including 7th St NW & Pennsylvania Ave NW, 7th St NW & E St NW, and Pennsylvania Ave & 9th St NW Wb, serving various transit lines such as the 16th Street, Convention Ctr-SW Waterfront, and Georgia Avenue-7th Street lines. For those traveling by air, Ronald Reagan Washington National Airport is approximately 10 minutes away by car, while Washington Dulles International and Baltimore/Washington International Thurgood Marshall airports are about 45 minutes away. The building's central location and excellent transit options make it easy to navigate the city and beyond.

Available Condos

Building Details

Views

  • City
  • Scenic Vista

Recreation

  • Fitness Center
  • Roof Top Pool
  • Community Pool

Amenities

  • Concierge
  • Doorman
  • Sauna
  • Lounge
  • Community Storage Space
  • 24-Hour Security
  • Front Desk in Lobby

Parking

  • 1 Car Garage
  • Assigned Subterranean Space
  • 1 - 9 Garage Spaces Per Unit
  • On-Site Parking for Rent
  • Parking Garage

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Condo Association

  • $1,005 Monthly HOA Fees
  • Monthly HOA Fees Range from $781 - $3,230
  • $500 Elevator Use Fee
  • Association fees include cable TV, exterior building maintenance, management, insurance, pool(s), reserve funds, sewer, snow removal, trash, water, sauna
  • The Residences At Market Square East Condos
  • Market Square East Community
  • Penn Quarter Subdivision
  • Property Manager

Building Design

  • Fire Sprinkler System
  • High-Rise Condominium
  • Elevator

Unit Features

  • Open Floorplan
  • Laundry in unit
  • Washer and Dryer Hookup
  • Balcony

Activity

Views

49

Favorites

1

Unit Information

Unit
PH2
Beds
1 Bed
1 Bed
1 Bed
Baths
1 Bath
1 Bath
1 Bath
Sq Ft
529
529
538
Price
$439,000
$445,000
$425,000
Price / Sq Ft
$830 / Sq Ft
$841 / Sq Ft
$790 / Sq Ft
List Date
07/18/2025
04/04/2025
04/30/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
None Available
Est. Values
$395,445
1 Bedroom Units
Sq Ft Range
446 - 985
Est. Values
$374,938 - $1,260,905
2 Bedroom Units
Sq Ft Range
761 - 2,108
Est. Values
$579,912 - $1,714,063
3 Bedroom Units
Sq Ft Range
1,123 - 1,729
Est. Values
$952,916 - $1,457,060
All Units
Sq Ft Range
446 - 2,108
Est. Values
$374,938 - $1,714,063

Map

Area Factors

Very Bikeable

Bike Score®

87 / 100

Walker's Paradise

Walk Score®

99 / 100

Rider's Paradise

Transit Score®

100 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

64 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$353K - $280M
Range of Taxes in Building
$1,115 - $5,299,838
Range of Taxes per Sq Ft
$2.25 - $9,601.16

Property Tax History

Source: Public Records

Building Website

Building Team

Property Management
Legum & Norman, Inc.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.