$799,000
About this home
Attention investors and visionaries42 Mercer Street in Carteret, NJ, is your next golden opportunity! This expansive bi-level property sits on an oversized lot brimming with potential for subdivision and development. Whether you're looking to create multiple units or hold for future appreciation, this is a rare find in a prime location. The existing home features 5 spacious bedrooms, 2 full baths, and a flexible layout that's ideal for tenants or multi-generational living. The master suite stands out as a peaceful retreat, complete with its own bath, while natural light floods every room, enhancing the property's inviting atmosphere. To top it off, the property includes a convenient 2-car attached garageperfect for added storage or tenant use, making it even more appealing for renters or future buyers. But the true gem lies outsidea massive backyard offering endless possibilities. From future builds to outdoor amenities, the lot size opens doors to creative expansion. Close to schools, parks, shopping, and major commuter routes, this property combines convenience with prime development potential. Investors, take note: opportunities like this don't come around often. Buyers are encouraged to conduct their own due diligence regarding subdivision and development options. Don't let this one slip awayreach out today to explore the possibilities!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
- Real estate (PITI + HOA + PMI)
- $6,770
- Utilities
- $523
- Transportation
- $136
- Other (entertainment)
- $157
Quick facts
At a glance
Home features
Lot features
Possible Subdivision, Corner Lot, Level
Neighborhood — 07008
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 22,957 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 15.00% | 14.00% | 20.00% |
| Population Density | 4,747 | 1,137 | — |
| Male | 11,200 | 4,307,827 | 147,432,321 |
| Female | 11,757 | 4,525,010 | 151,655,844 |
| Never Married | 5,108 | 1,965,811 | 63,775,926 |
| Married | 8,847 | 3,647,435 | 123,120,365 |
| Separated | 1,259 | 391,239 | 12,639,686 |
| Widowed | 1,590 | 515,172 | 15,467,586 |
| Divorced | 1,429 | 529,393 | 23,075,029 |
| Number Of House Hold | 7,780 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.89 | 2.73 | 2.60 |
| Medial Age | 36.92 | 37.15 | 35.46 |
| Median House Hold Income | $53,973 | $63,392 | $48,276 |
| Average House Hold Income | $61,282 | $83,312 | $63,629 |
| P C I | $21,545 | $30,662 | $24,529 |
| M D I | $45,382 | $52,505 | $41,133 |
| A T H E | $50,129 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 86.06% | 81.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 2/18/2026. Provided courtesy of COMPASS NEW JERSEY, LLC via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.