<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Associates 1980-1 Financial Statements for the quarter ended March 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 27,298 <SECURITIES> 0 <RECEIVABLES> 4,574 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 207,200 <PP&E> 4,889,051<F1> <DEPRECIATION> (2,626,657)<F2> <TOTAL-ASSETS> 2,501,466 <CURRENT-LIABILITIES> 929,856 <BONDS> 3,484,685<F3> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (1,913,075)<F4> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 2,501,466 <SALES> 0 <TOTAL-REVENUES> 274,414<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 207,828<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 90,993 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (24,407) <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes multi-family complex of $4,742,426 and deferred expenses of $146,625. <F2>Includes depreciation of $2,592,444 and amortization of deferred expenses of $34,213. <F3>Represents mortgage note payable of $2,227,300 and notes to an affiliated party of $1,257,385. <F4>Deficit of General Partners ($1,285,652) and Limited Partners ($627,423). <F5>Includes all revenue of the Partnership. <F6>Includes operating expenses of $128,533, real estate tax expense of $35,178 and depreciation and amortization expense of $44,117. <F7>Net loss allocated ($244) to the General Partners, ($2,197) to the Original Limited Partner and ($21,966) to the Investor Limited Partners. Average net loss is ($5.49) per Unit of Investor Limited Partner interest for 4,000 Units outstanding. </FN>