Skip to content
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

2
Units Listed
$2,566
Starting at
$3,421
Average
$4,275
Highest
$2.48
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Kerns rent trends

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (5)

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

$325K

$3.9M annual run rate

Est. Occupancy

99%

of about 162 units (reported building size)

Effective Rent on New Leases

$2,034

vs $3,421 current asking ($1,387 negotiation gap)

Recent Lease Activity

14 units tracked; 12 assumed leased, 2 listed now

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

Unlock with Pro

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

2

Limited availability

2 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Available Units

2 units
2 Bed / 1 Bath 2x1 Classic B
$2,566/mo
962 ft² · $2.67/ft² · #502
Up $68 since Aug 14 (was $2,498)
2 Bed / 2 Bath 2x2 Den Penthouse A
$4,275/mo
1,791 ft² · $2.39/ft² · #710PH
Down $125 since Aug 13 (was $4,400)

Fees, Parking & True Monthly Cost

Monthly Fees

$2/mo

Added to base rent automatically

True Monthly Cost

$2,568

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.

Similar Apartments in Portland, OR

Kerns Rent Trends

See how rent prices are changing in Kerns and across Portland, OR.

View Trends

Don't see your city?

Tell us where you're moving. We'll find apartments nearby and start tracking real prices for you, free.

Request Your City

Looking for the best deal?

Find Your Match