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September 20, 2018
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MULTIFAMILY NEWS
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Developer Picks Up 17 Acres in West Salem, OR

2/19/18

A 16.89-acre land site in West Salem, OR sold for $3.32 mil. The property is located along Linwood St NW and Orchards Heights Rd. The RM-II zoning (Multiple Family Residential, City of Salem) allows for single and multifamily development.

The site represents a prime residential development opportunity in Salem. It is situated on the suburban West side of Salem, with a short commute into downtown.

The buyer was IDM Apartments LLC, out of Vancouver. The seller, Cottonwood Development LLC, was repped by CBREs Graham Taylor and Nick Santangelo.

Discussing the acquisition, Jason Larson, a representative for IDM Apartments, noted that West Salem is a premier destination with proximity to downtown Salem, and with great access to extraordinary schools and neighborhood amenities.





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