<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from National Property Investors 7 Third Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000732439 <NAME> NATIONAL PROPERTY INVESTORS 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 4,289 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 45,335 <DEPRECIATION> 23,640 <TOTAL-ASSETS> 27,821 <CURRENT-LIABILITIES> 0<F1> <BONDS> 20,292 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 6,922 <TOTAL-LIABILITY-AND-EQUITY> 27,821 <SALES> 0 <TOTAL-REVENUES> 5,599 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,523 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,232 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 76 <EPS-PRIMARY> 1.24<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has an unclassified balance sheet. <F2>Multiplier is 1. </FN>