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The Payton apartments in Portland, OR

Updated

The Payton

2020 NE Multnomah St, Portland, OR 97232, USA

4.6 (93 reviews) Official Website

Live pricing, refreshed

3
Units Listed
$2,182
Starting at
$3,062
Average
$4,275
Highest
$2.58
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Kerns rent trends

Beds

Pricing by Bedroom

1 Bed
$2,182
from $2,182 · 1 units
~837 sqft avg
2 Bed
$3,503
from $2,730 · 2 units
~1,363 sqft avg

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (2)

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: stated by the property itself
  • 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: high (building size is reported).

Est. Monthly Revenue

$330K

$4.0M annual run rate

Est. Occupancy

98%

of about 162 units (reported building size)

Effective Rent on New Leases

$2,075

vs $3,062 current asking ($987 negotiation gap)

Recent Lease Activity

16 units tracked; 13 assumed leased, 3 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

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

3

Limited availability

3 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Price vs. Portland, OR

Similar

Comparing 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

3 units
1 Bed / 1 Bath 1 Bedroom Classic P
$2,182/mo
837 ft² · $2.61/ft² · #531
2 Bed / 2 Bath 2x2 Classic B
$2,730/mo
934 ft² · $2.92/ft² · #734
2 Bed / 2 Bath 2x2 Den Penthouse A
$4,275/mo
1,791 ft² · $2.39/ft² · #710PH
Down $592 since Aug 19 (was $4,867)

Fees, Parking & True Monthly Cost

Monthly Fees

$2/mo

Added to base rent automatically

True Monthly Cost

$2,184

Starting price + fees

Train activity

Severe nighttime trains

Freight line 346 ft away · 21 trains/day

  • 11 daytime, 10 overnight
  • Crossing 346 ft away. Horns expected day and night.
  • Operator: UP

Why this matters →

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

No resident notes for this property yet.

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