<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 4 Financial Statements for the six months ended June 30, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 884,894 <SECURITIES> 0 <RECEIVABLES> 17,978<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 485,088 <PP&E> 34,784,499<F2> <DEPRECIATION> (22,637,481)<F3> <TOTAL-ASSETS> 13,534,978 <CURRENT-LIABILITIES> 845,781 <BONDS> 17,308,668<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (4,619,471)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 13,534,978 <SALES> 0 <TOTAL-REVENUES> 3,688,230<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,786,634<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 610,119 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 2,576,044<F8> <CHANGES> 0 <NET-INCOME> 2,867,521<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 $34,437,461 and deferred expenses of $347,038. <F3>Accumulated depreciation of $22,412,895 and accumulated amortization of deferred expenses of $334,586. <F4>Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($304,745) and ($4,314,726), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $1,539,459, real estate taxes of $367,525 and depreciation and amortization of $879,650. <F8>Includes gain on sale of property of $2,967,939, loss from extinguishment of debt of ($389,523) and minority interest of ($2,372). <F9>Net income allocated $28,675 to the General Partners and $2,838,846 to the Limited Partners. Average net income per Unit of Limited Partners interest is $94.76 on 30,000 Units outstanding. </FN>