<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 4 Financial Statements for the quarter ended March 31, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 2,990,717 <SECURITIES> 0 <RECEIVABLES> 10,496<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 361,825 <PP&E> 34,442,598<F2> <DEPRECIATION> (22,239,093)<F3> <TOTAL-ASSETS> 15,566,543 <CURRENT-LIABILITIES> 0 <BONDS> 17,494,807<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (2,702,510)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 15,566,543 <SALES> 0 <TOTAL-REVENUES> 1,973,579<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,474,814<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 336,643 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 2,588,360<F8> <CHANGES> 0 <NET-INCOME> 2,750,482<F9> <EPS-PRIMARY> 0<F9> <EPS-DILUTED> 0<F9> <FN> <F1>Includes all receivables grouped in "prepaid expenses and other assets" on the Balance Sheet. <F2>Multi-family complexes of $34,095,560 and deferred expenses of $347,038. <F3>Accumulated depreciation of $22,030,721 and accumulated amortization of deferred expenses of $208,372. <F4>Represents mortgage note payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($285,575) and ($2,416,935), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $781,463, real estate taxes of $206,577 and depreciation and amortization of $486,774. <F8>Includes gain on sale of property of $2,979,330, loss from extinguishment of debt of ($389,523) and minority interest of ($1,447). <F9>Net income allocated $27,505 to the General Partners and $2,722,977 to the Limited Partners. Average net income per Unit of Limited Partners interest is $91.07 on 30,000 Units outstanding. </FN>