<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from National Property Investors 7 1996 Third Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000732439 <NAME> NATIONAL PROPERTY INVESTORS 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 5,891 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F2> <PP&E> 44,882 <DEPRECIATION> (21,945) <TOTAL-ASSETS> 30,809 <CURRENT-LIABILITIES> 0<F2> <BONDS> 21,173 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,950 <TOTAL-LIABILITY-AND-EQUITY> 30,809 <SALES> 0 <TOTAL-REVENUES> 5,490 <CGS> 0 <TOTAL-COSTS> 5,403 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,195 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 87 <EPS-PRIMARY> 1.42<F1> <EPS-DILUTED> 0 <FN> <F2>Registrant has an unclassified balance sheet. <F1>Multiplier is 1. </FN>