<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Asociates 1980-1 Financial Statements for the nine months ended September 30, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 36,985 <SECURITIES> 0 <RECEIVABLES> 3,390 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 220,802 <PP&E> 4,934,722<F1> <DEPRECIATION> (2,718,549)<F2> <TOTAL-ASSETS> 2,477,350 <CURRENT-LIABILITIES> 947,189 <BONDS> 3,476,970<F3> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (1,946,809)<F4> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 2,477,350 <SALES> 0 <TOTAL-REVENUES> 833,144<F5> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 618,849<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 272,436 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (58,141) <EPS-PRIMARY> 0<F7> <EPS-DILUTED> 0<F7> <FN> <F1>Includes multi-family complex of $4,788,097 and deferred expenses of $146,625. <F2>Includes depreciation of $2,682,241 and amortization of deferred expenses of $36,308. <F3>Represents mortgage note payable of $2,219,585 and notes to an afiliated party of $1,257,385. <F4>Deficit of General Partners ($1,285,989) and Limited Partners ($660,820). <F5>Includes all revenue of the Partnership. <F6>Includes operating expenses of $380,456, real estate tax expense of $102,384 and depreciation and amortization expense of $136,009. <F7>Net loss allocated ($581) to the General Partners, ($5,233) to the Original Limited Partner and ($52,327) to the Investor Limited Partners. Average net loss is ($13.08) per Unit of Investor Limited Partner interest for 4,000 Units outstanding. </FN>