Studio / 1 Bath Unit 0804
$1,595/mo
511 ft² · $3.12/ft²
Available: Dec 16, 2026
Up to 8 Weeks Free
Up $37 since Sep 28 (was $1,558)
Updated
5 MLK
5 SE Martin Luther King Jr Blvd, Portland, OR 97214, USA
4.1 (149 reviews)
Official Website
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Live pricing, refreshed
26
Units Listed
$1,595
Starting at
$2,486
Average
$3,141
Highest
$2.72
Per Sq Ft
Avg Days Listed
How does this compare? View Southeast Portland rent trends
Beds
Pricing by Bedroom
Studio
$1,721
from $1,595 · 4 units
~526 sqft avg
1 Bed
$2,051
from $1,955 · 7 units
~675 sqft avg
2 Bed
$2,893
from $2,733 · 15 units
~1,131 sqft avg
Specials Available 26 units
Up to 8 Weeks Free
Rent Distribution
Price by Bedroom
Price Breakdown
Rent by Unit
Price vs. Square Footage
Price History
Timeframe
Property Price Trend
History follows your bedroom selection. Current rent limits and move-in dates do not change past averages.
Units with Price Changes (3)
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
$460K
$5.5M annual run rate
Est. Occupancy
88%
of about 220 units (reported building size)
Effective Rent on New Leases
$2,370
vs $2,486 current asking ($116 negotiation gap)
Recent Lease Activity
102 units tracked; 76 assumed leased, 26 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
26
Very high availability
9 floor plans
Move-in Specials
26
26 units with active promos
Use competing promos as leverage
Negotiation Leverage
Strong leverage
High availability and active promos suggest this building is eager to fill units.
Price vs. Portland, OR
Similar Yard $1,426 Park Avenue West Apartments $1,487 Kearney Plaza $1,490 $1,602 Heartline Apartments $1,611 The Louisa Apartments $1,684
5 MLK $1,595
The Gossamer 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
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Available Units
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Studio / 1 Bath Unit 1405
$1,724/mo
540 ft² · $3.19/ft²
Available: Now
Up to 8 Weeks Free
Studio / 1 Bath Unit 1505
$1,744/mo
540 ft² · $3.23/ft²
Available: Now
Up to 8 Weeks Free
Studio / 1 Bath Unit 1604
$1,819/mo
511 ft² · $3.56/ft²
Available: Now
Up to 8 Weeks Free
Up $4 since Oct 3 (was $1,815)
1 Bed / 1 Bath Unit 1112
$1,955/mo
631 ft² · $3.10/ft²
Available: Oct 18, 2026
Up to 8 Weeks Free
1 Bed / 1 Bath Unit 0919
$1,999/mo
715 ft² · $2.80/ft²
Available: Now
Up to 8 Weeks Free
1 Bed / 1 Bath Unit 1412
$2,015/mo
631 ft² · $3.19/ft²
Available: Nov 6, 2026
Up to 8 Weeks Free
1 Bed / 1 Bath Unit 1403
$2,072/mo
688 ft² · $3.01/ft²
Available: Now
Up to 8 Weeks Free
1 Bed / 1 Bath Unit 1319
$2,079/mo
715 ft² · $2.91/ft²
Available: Now
Up to 8 Weeks Free
1 Bed / 1 Bath Unit 1419
$2,099/mo
715 ft² · $2.94/ft²
Available: Now
Up to 8 Weeks Free
| Unit | Floor Plan | Listed | Details | |||||
|---|---|---|---|---|---|---|---|---|
| 0804 | | Studio / 1ba | 511 | $1,595 | $3.12 | Dec 16, 2026 | Pro | Up to 8 Weeks Free Up $37 since Sep 28 |
| 1405 | | Studio / 1ba | 540 | $1,724 | $3.19 | Now | Pro | Up to 8 Weeks Free |
| 1505 | | Studio / 1ba | 540 | $1,744 | $3.23 | Now | Pro | Up to 8 Weeks Free |
| 1604 | | Studio / 1ba | 511 | $1,819 | $3.56 | Now | Pro | Up to 8 Weeks Free Up $4 since Oct 3 |
| 1112 | | 1bd / 1ba | 631 | $1,955 | $3.10 | Oct 18, 2026 | Pro | Up to 8 Weeks Free |
| 0919 | | 1bd / 1ba | 715 | $1,999 | $2.80 | Now | Pro | Up to 8 Weeks Free |
| 1412 | | 1bd / 1ba | 631 | $2,015 | $3.19 | Nov 6, 2026 | Pro | Up to 8 Weeks Free |
| 1403 | | 1bd / 1ba | 688 | $2,072 | $3.01 | Now | Pro | Up to 8 Weeks Free |
| 1319 | | 1bd / 1ba | 715 | $2,079 | $2.91 | Now | Pro | Up to 8 Weeks Free |
| 1419 | | 1bd / 1ba | 715 | $2,099 | $2.94 | Now | Pro | Up to 8 Weeks Free |
Unit Details
Chart
Garages and parking
Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.
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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
No resident notes for this property yet.
Similar Apartments in Portland, OR
Park Avenue West Apartments
From $1,487/mo
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Kearney Plaza
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Yard
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Heartline Apartments
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The Gossamer
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The Louisa Apartments
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Southeast Portland Rent Trends
See how rent prices are changing in Southeast Portland and across Portland, OR.