<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Preferred Properties Fund 80 1996 Third Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000312903 <NAME> PREFERRED PROPERTIES FUND 80 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 267 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 5,345 <DEPRECIATION> (1,829) <TOTAL-ASSETS> 3,990 <CURRENT-LIABILITIES> 0<F1> <BONDS> 5,369 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (1,893) <TOTAL-LIABILITY-AND-EQUITY> 3,990 <SALES> 0 <TOTAL-REVENUES> 649 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 884 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 410 <INCOME-PRETAX> (235) <INCOME-TAX> 0 <INCOME-CONTINUING> (235) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (235) <EPS-PRIMARY> (11.16)<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has an unclassified balance sheet. <F2>Multiplier is 1. </FN>