During the 1st half of the 17th century, monk Movses Syunetsi built a monastery complex with the financial support of the residents of Yerevan.

The complex was made up of the Surp Astvatsatsin church, the chapel of Saint Anania, as well as of chambers for the members of the congregation and the prelacy building, all enclosed with fortified walls.

Present-day Surp Zoravor Astvatsatsin Church was built in 1693-94, on the same site of the ruined monastery, thanks to the donation of Khoja Panos who was one of the wealthiest residents of Yerevan.

According to an inscription recorded 100 years after its construction, the church was renovated by Gabriel Haryurapet during the reign of Catholicos Luke I.

The decayed and falling parts of the walls and roofs were repaired and restored, a choir was added, and a new house was built for the priests.