<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 3 financial statement for twelve months ended December 31, 1995 and is qualified in it sentirety by references to funds financial statements. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> DEC-31-1995 <CASH> 1,059,995 <SECURITIES> 0 <RECEIVABLES> 33,740 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 562,514 <PP&E> 29,309,637<F1> <DEPRECIATION> 16,581,742<F2> <TOTAL-ASSETS> 14,384,144 <CURRENT-LIABILITIES> 708,773 <BONDS> 19,826,601<F3> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (6,150,690)<F4> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 14,384,144 <SALES> 6,352,337 <TOTAL-REVENUES> 6,352,337 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,137,104<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,763,126 <INCOME-PRETAX> (547,893) <INCOME-TAX> 0 <INCOME-CONTINUING> (547,893) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (547,893) <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F1>Includes apartment complexes of $28,790,053 and deferred expenses of $519,584. <F2>Includes depreciation of $16,460,550 and amortization of deferred expenses of $121,192. <F3>Represents mortgage note payable. <F5>Includes operating expeses of $2,880,208, real estate taxes of $17,945 and depreciation/amortization of $1,738,951. <F4>Represents total equity of general partners ($297,600) and limited partners ($5,853,090). <F6>Net loss allocated (27,395) to general partners (520,498) to limited parnters for the nine months ended 12/31/95. Average net loss (20.82) per unit for 25,000 units outstanding. </FN>