SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  FORM 8-K


 

Current report pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934.

Date of Report (Date of earliest event reported)    September 24, 1996       
           


                 MULTIVEST REAL ESTATE FUND, LTD. (SERIES I)
           (Exact name of registrant as specified in its charter)

                    Commission file number    0-6146 

            Michigan                           38-1954699     
(State or other jurisdiction of              (IRS Employer
incorporation or organization)            Identification No.)


6100 Glades Road, Suite 205
Boca Raton, Florida                              33434         
(Address of principal executive offices)      (Zip Code)


                                                                               
                                  (561) 487-6700                   
            (Registrant's telephone number, including area code)


                                                                                
(Former name, former address and former fiscal year, if changed since last
 report)

                                                                            















                 MULTIVEST REAL ESTATE FUND, LTD. (SERIES I)
                      (a Michigan limited partnership)
                                      



Item 2. Acquisition or Disposition of Assets.

The partnership has sold its remaining asset and continues toward the final
liquidation and dissolution of the partnership.

On September 24, 1996, the partnership sold Warwick Apartments for $1,000,000
cash less proration expenses.








                   MULTIVEST REAL ESTATE FUND, LTD. (SERIES I)
                         (a Michigan limited partnership)






                                    SIGNATURES
   

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                  MULTIVEST REAL ESTATE FUND, LTD.
                                  (Series I), a Michigan Limited
                                  Partnership,                    
                                             (Registrant)

                                  By:    MULTIVEST REAL ESTATE, INC.
                
                                         a Delaware corporation
                                  Its:   Corporate General Partner



Date: October 7, 1996                    RICHARD L. DAVIS
                                                                   
                                         Richard L. Davis
                                         President -
                                         Chief Executive Officer





Date: October 7, 1996                    JOHN J. KAMMERER
                                                          
                                         John J. Kammerer
                                         Principal Accounting Officer