<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Krupp Realty Fund 3 financial statement for the nine months ended September 30, 1995 and is qualified in its entirety by reference to funds financial statement. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> SEP-30-1995 <CASH> 1,240,885 <SECURITIES> 0 <RECEIVABLES> 185,229 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 517,785 <PP&E> 29,077,274<F1> <DEPRECIATION> (16,125,554)<F2> <TOTAL-ASSETS> 14,895,619 <CURRENT-LIABILITIES> 803,161 <BONDS> 19,905,046<F3> <COMMON> (5,812,588)<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 14,895,619 <SALES> 4,753,495 <TOTAL-REVENUES> 4,753,495 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,667,634<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,295,655 <INCOME-PRETAX> (209,794) <INCOME-TAX> 0 <INCOME-CONTINUING> (209,794) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (209,794) <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F1>Includes apartment complexes of $28,557,690 and deferred expenses of $519,589. <F2>Includes depreciation of $16,015,835 and amortization of deferred expenses of $109,719. <F3>Represents mortgage notes payable. <F4>Represents total equity of general partners ($272,303) and limited partners ($5,540,285). <F5>Includes operating expenses of $1,999,127, real estate taxes of $385,744 and depreciation/amortization of $1,282,763. <F6>Net loss allocated ($2,098) to general partners and ($207,696) to limited partners for the nine months ended 9/30/95. Average net loss (7.97) per unit for 25,00 units outstanding. </FN>