<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Krupp Associates 1980-1 financial statement for the quarter ended September 30, 1995 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> SEP-30-1995 <CASH> 21,500 <SECURITIES> 0 <RECEIVABLES> 3,227 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 205,007 <PP&E> 4,788,575<F1> <DEPRECIATION> (2,530,671)<F2> <TOTAL-ASSETS> 2,487,638<F1> <CURRENT-LIABILITIES> 828,953 <BONDS> 3,492,008<F3> <COMMON> (1,833,323)<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 2,487,638 <SALES> 776,694<F5> <TOTAL-REVENUES> 776,694 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 596,109<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 278,890 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (98,305) <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0 <FN> <F1>Includes mutli-family complex of $4,641,950 and deferred expenses of $146,625. <F2>Includes depreciation of $2,498,553 and amortization of deferred expenses of $32,118. <F3>Represents mortgage note payable of $2,234,623 and notes to an affiliated party of $1,257,385. <F4>Deficit of General Partners ($1,145,863) and Limited Partners ($687,460). <F5>Includes all revenue of the Partnership. <F6>Includes operating expenses of $367,239, real estate tax expense of $92,313 and depreciation and amortization expense of $136,557. <F7>Net loss allocated ($983) to the General Partners, ($8,847) to the Original Limited Partner and ($88,475) to the Investor Limited Partners. Average net loss is ($22.12) per unit of Investor Limited Partner interest for 4,000 units outstanding. </FN>