Penn Quarter Homes under $500,000

Penn Quarter Homes under $500,000

Welcome to Penn Quarter, a vibrant and dynamic subdivision nestled in the heart of Washington, D.C. This thriving neighborhood is known for its rich history, cultural landmarks, and an eclectic mix of modern amenities. With a perfect blend of urban living and community charm, Penn Quarter offers residents a unique lifestyle that is both exciting and convenient.

One of the standout features of Penn Quarter is its prime location, providing easy access to some of the city’s most iconic attractions. Imagine living just steps away from the National Gallery of Art, the historic Ford’s Theatre, and the bustling markets of the nearby Wharf. Whether you’re a history buff, a foodie, or an art enthusiast, there’s something here for everyone.

For those seeking affordable housing options in this desirable area, Penn Quarter has homes available for under $500,000. These properties present a fantastic opportunity for first-time buyers, young professionals, or anyone looking to invest in the D.C. real estate market without breaking the bank. You’ll find charming condos and stylish apartments that offer modern finishes and convenient amenities, all within walking distance of the vibrant streets filled with shops, restaurants, and entertainment venues.

Living in Penn Quarter means embracing a lifestyle filled with excitement and convenience. With a strong sense of community and a variety of housing options, it’s no wonder that this neighborhood continues to attract residents looking for a perfect blend of urban living and affordability. Come explore Penn Quarter and discover your new home in one of Washington, D.C.'s most sought-after neighborhoods!

Newest Penn Quarter Homes under $500,000

616 E St Nw Unit 721, Washington
$439,000
1 Beds ⋅ 1 Baths
Experience elevated city living in this sophisticated 1-bedroom, 1-bath residence in the heart of Penn Quarter. Set within the sought-after Clara Barton, this 804-square-foot home pairs refined finishes with an easy, lock-and-leave downtown lifestyle — steps from the Metro, world-class museums, acclaimed dining, and Capital One Arena. Rich hardwood floors flow through the open living and dining area, while an outward-facing balcony — accessible from both the living room and the bedroom — frames sweeping city views. The kitchen is appointed with granite countertops, stainless steel appliances, a Bosch dishwasher, a Whirlpool refrigerator, a Whirlpool electric oven, and a Frigidaire microwave vented to the exterior. An efficient, well-proportioned floor plan maximizes every square foot, and storage is generous with a large walk-in closet plus an additional coat closet. The spacious bath features granite countertops and a bidet, and a stacked washer and dryer make laundry effortless at home. Recent updates include a newer water heater and newer HVAC. Built in 2004, The Clara Barton is a professionally managed, 255-unit building in the center of it all. Residents enjoy a true resort-style lifestyle: 24-hour concierge service with package collection, a rooftop pool with multiple grills, a rooftop kitchen and dining area, a full-size fitness center, a private movie theater, a conference room and business center, and a beautifully landscaped courtyard. Recent building improvements include renovated common areas in 2024, rooftop upgrades in 2022, and a resident-hallway redesign in 2020. Underground garage parking is available for rent, and the building is both pet- and investor-friendly. Location is everything. Penn Quarter puts the Metro at your doorstep, with the Gallery Place, Archives, and Judiciary Square stations all within walking distance and making commuting effortless. Union Station and Reagan National Airport are a short ride away, while the neighborhood's acclaimed restaurants, Smithsonian museums, and Capital One Arena are just steps from home. Schedule your private tour today and see why this Penn Quarter gem is ready to welcome you home.

616 E St Nw Unit 721, Washington

Listing courtesy of RE/MAX Realty Services. Contact:

915 E E St Nw Unit 1101, Washington
$409,000
1 Beds ⋅ 1 Baths
Experience the pinnacle of downtown living in this stunning, sun-drenched eleventh-floor condo at the highly coveted Artisan building. The open-concept interior features premium bamboo flooring, a gourmet kitchen with granite countertops and stainless steel appliances, a spacious walk-in closet, and the ultimate convenience of an in-unit washer and dryer. Best of all, a private balcony offers a serene outdoor escape high above the vibrant streets of Penn Quarter. The pet-friendly Artisan elevates your lifestyle with premier amenities, including a 24-hour concierge, a fully equipped fitness center, a stylish resident lounge, and a spectacular rooftop terrace boasting panoramic Washington, DC skyline views. A parking space is included with the sale — a rare find in Penn Quarter. With an enviable Walk Score of 99, this prime address places the city's finest dining, world-class Smithsonian museums, and the Capital One Arena right at your doorstep. Commuting is effortless with three major Metro stations—Gallery Place, Metro Center, and Archives—just steps away, making this the ultimate urban sanctuary.

915 E E St Nw Unit 1101, Washington

Listing courtesy of Compass. Contact:

675 E St Nw Unit 250, Washington
$429,900
1 Beds ⋅ 1 Baths
Residence 250 is a rare opportunity to own in one of downtown Washington's most walkable, connected, and culturally rich neighborhoods. This 872-square-foot Penn Quarter condo offers hardwood floors, 9-foot-plus ceilings, and an open floor plan that lives larger than its footprint suggests. The oversized windows flood the space with natural light. A wall of closets in the living area solves the city storage problem decisively. The kitchen is well-appointed with granite countertops, stainless steel appliances, and cabinet storage that actually delivers on its promise. Spacious hallway closet. Generous bedroom closet space. The feature that sets Residence 250 apart: a private terrace accessible directly from the bedroom — one of only two in this boutique 29-unit building. Dine alfresco, read in the afternoon sun, or simply step outside into the kind of outdoor space that's genuinely rare at this price point in downtown DC. The oversized bathroom includes a soaking tub shower and large vanity. Storage unit conveys. Rental parking with EV charging is available in the underground garage. The Building The Residences at Terrell Place is a boutique, 29-unit condominium with a modernly elegant lobby, weekday concierge, and fitness room. Pets are welcome with board approval. The Location Situated in Penn Quarter at 6th and E Streets NW, this address puts residents within walking distance of the Archives–Navy Memorial–Penn Quarter Metro station, Gallery Place–Chinatown Metro, Judiciary Square Metro, and Metro Center — four stations across multiple lines, all walkable. I-395 access is minutes away. Walkable to Luke's Lobster, Gregory's Coffee, Fiolo, Jaleo by José Andrés, Rasika, The Smith, and the restaurants of CityCenterDC. Steps from Capital One Arena, the National Portrait Gallery, the Smithsonian American Art Museum, Ford's Theatre, the National Mall, and the International Spy Museum. FreshFarm Penn Quarter Farmers Market is around the corner. This is downtown Washington at its most livable — and, at $429,900, at its most accessible.

675 E St Nw Unit 250, Washington

Listing courtesy of TTR Sotheby's International Realty. Contact:

616 E St Nw Unit 407, Washington
$345,000
1 Baths
Welcome to #407 at the Clara Barton in Penn Quarter - a quiet oasis in the middle of central DC, overlooking a lush green internal courtyard! This light-filled, 608 sqft condo is well-proportioned and welcoming, with room for a large desk in the living area for easy WFH living, as well as entertaining. This residence is flooded with soft, natural light from the 3/4 length windows, and features ample storage spaces, an open kitchen and beautiful wood floors. The full size bathroom boasts a large soaking tub and storage. Can be purchased as a primary residence, or as an investment property with existing tenant! The amenity-rich Clara Barton offers the best of modern, resident-focused living: large rooftop area, outdoor pool and grills, 24 hour concierge, fitness center, conference room, movie theater and business center. Resident hallway redesign which features new flooring, lighting, and wall coverings was completed in 2020. Rooftop was updated 2024, and gym + common area redesigns in 2025. Parking is available for rent on a month-to-month basis in the underground parking lot for $285. Your private residence is just steps from the vibrancy and central location of the Penn Quarter neighborhood - featuring critically-acclaimed and Michelin-starred restaurants, museums, the National Mall and the Capital One arena. Close proximity to Metro, Union Station, Reagan National airport, main highways and 4 stops from Amazon HQ2. Welcome home!

616 E St Nw Unit 407, Washington

Listing courtesy of TTR Sotheby's International Realty. Contact:

916 G St Nw Unit 604, Washington
$479,000
1 Beds ⋅ 1 Baths
Rare opportunity to own a light-filled corner residence on the sixth floor of the sought-after Mather Studios in the heart of Penn Quarter. This authentic industrial loft offers a spacious one-bedroom, one-bathroom layout with walls of oversized windows on two exposures, filling the home with natural light and showcasing sweeping city views. Designed with timeless loft character, the residence features original exposed brick walls and ceilings, polished poured concrete floors, soaring ceilings, and an expansive open floor plan ideal for both everyday living and entertaining. The gourmet kitchen is equipped with granite countertops, stainless steel appliances, and a large center island with seating that seamlessly connects to the living and dining areas. The generously sized bedroom offers walk in closet and direct access to a spacious full bath. Thoughtful updates include a new HVAC system (2022), updated stainless steel appliances, a 4th Generation Google Nest Learning Thermostat, and motorized Yoolax smart shades in the bedroom, compatible with Alexa, Google Home, Apple Home, and Samsung SmartThings for effortless comfort and automation. Ample storage throughout completes this exceptional home. Developed by PN Hoffman in 2003, Mather Studios masterfully blends a striking 10-story historic Gothic Revival façade with contemporary loft-style interiors. This boutique condominium embraces creativity and urban living, with expansive, light-filled residences. Street-level art galleries and performance venues celebrate the neighborhood's vibrant arts scene, creating a truly distinctive residential experience. Perfectly positioned in the center of Penn Quarter, the building is just one block from Gallery Place Metro, two blocks from Metro Center, and directly across from the Martin Luther King Jr. Memorial Library. Enjoy immediate access to acclaimed restaurants, museums, theaters, Capital One Arena, shopping, and some of Washington's best cultural attractions. The building is pet friendly and plenty of parking options nearby. Experience authentic loft living in one of Washington, DC's most distinctive boutique condominium communities.

916 G St Nw Unit 604, Washington

Listing courtesy of Long & Foster Real Estate, Inc.. Contact:

777 7th St Nw Unit 1017, Washington
$269,000
1 Beds ⋅ 1 Baths
Experience the pinnacle of urban convenience in this sleek 1-bedroom, 1-bath contemporary condo at The Residences at Gallery Place. Perfectly situated in the heart of Chinatown/Penn Quarter, this unit offers a "Walker’s Paradise" lifestyle with immediate access to the Gallery Place-Chinatown Metro, Capital One Arena, and a culinary scene second to none. Food enthusiasts will love being steps away from celebrated hotspots like Zaytinya by José Andrés, the lively atmosphere of The Smith, and the innovative Japanese fare at Love, Makoto. For high-end retail therapy, the luxury boutiques of CityCenterDC—featuring brands like Hermès, Louis Vuitton, and Gucci—are just a short stroll away, along with local favorites like Upstairs on 7th. Residents enjoy a robust suite of amenities, including a professional fitness center, a stylish clubhouse with a game room, a private party room, and secure elevator access, all while being surrounded by cultural landmarks like the National Portrait Gallery and the Smithsonian museums.

777 7th St Nw Unit 1017, Washington

Listing courtesy of TTR Sotheby's International Realty. Contact:

777 7th St Nw Unit 1013, Washington
$315,000
2 Beds ⋅ 2 Baths
PRICED TO SELL, here is the value in Northwest DC! Over 1400 square feet of living space with 2 Bedrooms + large Den and 2 full baths. Welcome to Chinatown in NW Washington DC. Imagine a vibrant neighborhood where historic culture meets modern living: thousands of residential units carved from iconic architecture, lush green promenades like the “8th Street Gallery Walk,” bustling night markets, art installations, and festivals. With unmatched access to Capital One Arena, Gallery Place, and Metro, this reimagined district offers not just a place to live, but a lifestyle — equal parts energy, tradition, and opportunity. Live large in this expansive and quiet 1,425 SF floor plan featuring 2 Bedrooms + Den + 2 Full Baths overlooking a peaceful center courtyard. An updated kitchen is designed with quartz countertops, subway tile backsplash, and stainless-steel appliances. This home features updated lighting throughout, new carpeting, fresh paint, and two updated full bathrooms. Two bedrooms with walk-in closets, plus a living/dining nook off of the kitchen, a bonus room that can easily serve as a large family, dining, or media room, and a separate den/office, all provide additional, functional spaces for modern living and working from home. A commuter's dream, the Residences of Gallery Place is a pet-friendly condominium with a 24-hour front desk concierge located above the Gallery Place-Chinatown Metro (Green, Red, and Yellow Metro Lines) and is surrounded by endless restaurants, nightlife, shops, and entertainment including Capital One Arena, Regal Cinemas, and performing arts theaters. Building amenities include a spacious gym, lounge, a third-floor deck that overlooks the famous Peace Gate of Chinatown, and a courtyard. On-site garage parking is available separately for rent.

777 7th St Nw Unit 1013, Washington

Listing courtesy of TTR Sotheby's International Realty. Contact:

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