<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 4 Financial Statements for the nine months ended September 30, 1997 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 182,632 <SECURITIES> 0 <RECEIVABLES> 20,843<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,551,106 <PP&E> 41,455,517<F2> <DEPRECIATION> (26,469,027)<F3> <TOTAL-ASSETS> 16,741,071 <CURRENT-LIABILITIES> 1,099,286 <BONDS> 20,520,557<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (4,878,772)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 16,741,071 <SALES> 0 <TOTAL-REVENUES> 5,765,098<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,649,842<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 973,345 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 141,911<F8> <EPS-PRIMARY> 0<F8> <EPS-DILUTED> 0<F8> <FN> <F1>Includes all receivables grouped in "prepaid expenses and other assets" on the Balance Sheet. <F2>Multi-family complexes of $41,033,749 and deferred expenses of $421,768. <F3>Accumulated depreciation of $26,269,688 and accumulated amortization of deferred expenses of $199,339. <F4>Represents mortgage notes payable. <F5>Reprsents total deficit of the General Partners and Limited Partners of ($307,338) and ($4,571,434), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $2,508,887, real estate taxes of $571,073 and depreciation and amortization of $1,569,882. <F8>Net income allocated $1,419 to the General Partners and $140,492 to the Limited Partners. Average net income per Unit of Limited Partners interest is $4.49 on 30,000 Units outstanding. </FN>