<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Johnstown/Consolidated Income Partners 1997 Third Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000787621 <NAME> JOHNSTOWN/CONSOLIDATED INCOME PARTNERS <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 2,199 <SECURITIES> 0 <RECEIVABLES> 24 <ALLOWANCES> 148 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 12,773 <DEPRECIATION> 6,060 <TOTAL-ASSETS> 10,253 <CURRENT-LIABILITIES> 0<F1> <BONDS> 2,325 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,579 <TOTAL-LIABILITY-AND-EQUITY> 10,253 <SALES> 0 <TOTAL-REVENUES> 1,733 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,546 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 137 <INCOME-PRETAX> 624 <INCOME-TAX> 0 <INCOME-CONTINUING> 624 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 624 <EPS-PRIMARY> 4.80<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has an unclassified balance sheet. <F2>Multiplier is 1. </FN>