Updated
5 MLK
5 SE Martin Luther King Jr Blvd, Portland, OR 97214, USA
Live pricing, refreshed
How does this compare? View Southeast Portland rent trends
Pricing by Bedroom
Rent Distribution
Price by Bedroom
Price Breakdown
Rent by Unit
Price vs. Square Footage
Price History
Property Price Trend
Units with Price Changes (30)
Last 15 days
Estimated Building Revenue
How is this calculated?
Rental revenue model
We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.
- Building size: modeled from how many distinct units we have observed over time
- Occupancy: building size minus currently listed units
- Rents: observed lease-offs first, current asking rents as fallback
These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).
Est. Monthly Revenue
$72K
$862K annual run rate
Modeled estimate
Est. Occupancy
52%
of about 62 units (modeled from leasing activity)
Effective Rent on New Leases
$2,246
vs $2,635 current asking ($389 negotiation gap)
Recent Lease Activity
62 units tracked; 32 assumed leased, 30 listed nowSee which units leased, when they left the market, and the rent they leased at.
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How is this calculated?
Negotiation Leverage Score (0-100)
Based on 5 observable signals from the property's listing data:
- +30 pts: 15+ units currently listed
- +25 pts: Active move-in specials
- +20 pts: Deep discounts (>$150/mo off)
- +15 pts: 5+ distinct floor plans
- +10 pts: 25+ units listed
All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.
Listed Units
30
Very high availability
13 floor plans
Move-in Specials
0
No active promotions
Negotiation Leverage
Some signals suggest room to negotiate, especially if you can be flexible on move-in date.
Price vs. Portland, OR
SimilarComparing this building against 6 similar Portland, OR apartments by price. Click any bar to view that building.
See rent trends on the Portland, OR map Explore Portland, OR on the interactive map
Available Units
| Unit | Floor Plan | Bed/Bath | Sqft | ↑ Price | $/Sqft | Available | Listed | Details |
|---|---|---|---|---|---|---|---|---|
| 1005 | Floorplan 5 | Studio / 1ba | 540 | $1,587 | $2.94 | 2026-09-03 | Pro | Down $100 since Aug 16 |
| 1405 | Floorplan 5 | Studio / 1ba | 540 | $1,687 | $3.12 | 2026-09-10 | Pro | Down $100 since Aug 16 |
| 1404 | Floorplan 4 | Studio / 1ba | 511 | $1,697 | $3.32 | 2026-05-19 | Pro | Up $39 since Aug 20 |
| 1305 | Floorplan 5 | Studio / 1ba | 540 | $1,707 | $3.16 | 2026-07-21 | Pro | Up $40 since Aug 20 |
| 1505 | Floorplan 5 | Studio / 1ba | 540 | $1,707 | $3.16 | 2026-08-19 | Pro | Down $100 since Aug 16 |
| 1705 | Floorplan 5 | Studio / 1ba | 540 | $1,881 | $3.48 | 2026-08-10 | Pro | Up $44 since Aug 20 |
| 0721 | Floorplan 21 | 1bd / 1ba | 554 | $1,890 | $3.41 | 2026-09-30 | Pro | |
| 0919 | Floorplan 19 | 1bd / 1ba | 715 | $2,051 | $2.87 | 2026-11-07 | Pro | |
| 1621 | Floorplan 21 | 1bd / 1ba | 554 | $2,110 | $3.81 | 2026-08-10 | Pro | Up $5 since Aug 16 |
| 1403 | Floorplan 3 | 1bd / 1ba | 688 | $2,124 | $3.09 | 2026-09-30 | Pro | Up $5 since Aug 16 |
Unit Details
Chart
Train activity
Severe nighttime trains
Freight line 723 ft away · 20 trains/day
- 10 daytime, 10 overnight
- Crossing 723 ft away. Horns expected day and night.
- Operator: UP
City Club
Resident Notes & Access Codes
Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Portland, OR notes
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Southeast Portland Rent Trends
See how rent prices are changing in Southeast Portland and across Portland, OR.