<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Associates 1980-1 Financial Statements for the six months ended June 30, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 78,859 <SECURITIES> 0 <RECEIVABLES> 1,040 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 175,596 <PP&E> 4,908,225<F1> <DEPRECIATION> (2,671,858)<F2> <TOTAL-ASSETS> 2,491,862 <CURRENT-LIABILITIES> 926,835 <BONDS> 3,480,878<F3> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (1,915,851)<F4> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 2,491,862 <SALES> 0 <TOTAL-REVENUES> 557,349<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 402,929<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 181,603 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (27,183) <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes multi-family complex of $4,761,600 and deferred expenses of $146,625. <F2>Includes depreciation of $2,636,598 and amortization of deferred expenses of $35,260. <F3>Represents mortgage note payable of $2,223,493 and notes to an affiliated party of $1,257,385. <F4>Deficit of General Partners ($1,285,680) and Limited Partners ($630,171). <F5>Includes all revenue of the Partnership. <F6>Includes operating expenses of $243,910, real estate tax expense of $69,701 and depreciation and amortization expense of $89,318. <F7>Net loss allocated ($272) to the General Partners, ($2,446) to the Original Limited Partner and ($24,465) to the Investor Limited Parters. Average net loss is ($6.12) per Unit of Investor Limited Partner interest for 4,000 Units outstanding. </FN>