This will give you an idea of the cost of the homes:
http://www.trulia.com/homes/Massachusetts/Revere/sold/1000033920-364-Ocean-Ave-Revere-MA-02151
Very cheap house——probably an iffy Revere area.
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According to realtor.com, a 2/2 in that building goes for 229k. Building amenities look outdated as does unit. Probably used as a rental.