<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Davidson Diversified Real Estate II Limited Partnership's 1996 First Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000750258 <NAME> DAVIDSON DIVERSIFIED REAL ESTATE II LIMITED PARTNERSHIP <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 871 <SECURITIES> 0 <RECEIVABLES> 39 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,379 <PP&E> 42,935 <DEPRECIATION> 17,935 <TOTAL-ASSETS> 27,830 <CURRENT-LIABILITIES> 831 <BONDS> 26,883 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (413) <TOTAL-LIABILITY-AND-EQUITY> 27,830 <SALES> 0 <TOTAL-REVENUES> 2,356 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,368 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 617 <INCOME-PRETAX> (76) <INCOME-TAX> 0 <INCOME-CONTINUING> (76) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (76) <EPS-PRIMARY> (.061) <EPS-DILUTED> 0