<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 4 Financial Statements for the nine months ended September 30, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 691,373 <SECURITIES> 0 <RECEIVABLES> 11,989<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 640,511 <PP&E> 34,984,429<F2> <DEPRECIATION> (23,086,013)<F3> <TOTAL-ASSETS> 13,242,289 <CURRENT-LIABILITIES> 866,642 <BONDS> 17,121,424<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (4,745,777)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 13,242,289 <SALES> 0 <TOTAL-REVENUES> 5,428,144<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,081,490<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 882,728 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 2,572,007<F8> <CHANGES> 0 <NET-INCOME> 3,035,933<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 $34,637,391 and deferred expenses of $347,038. <F3>Accumulated depreciation of $22,845,549 and accumulated amortization of deferred expenses of $240,464. <F4>Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($306,009) and ($4,439,768), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $2,221,017, real estate taxes of $532,291 and depreciation and amortization of $1,328,182. <F8>Includes gain on sale of property of $2,965,743, loss from extinguishment of debt of ($389,523) and minority interest of ($4,213). <F9>Net income allocated $30,359 to the General Partners and $3,005,574 to the Limited Partners. Average net income per Unit of Limited Partners interest is $100.10 on 30,000 Units outstanding. </FN>