<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 4 Financial Statements for the twelve months ended December 31, 1998 and is qualified in its entirety by reference to such financial information. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 774,230 <SECURITIES> 0 <RECEIVABLES> 24,276<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 771,429 <PP&E> 35,196,488<F2> <DEPRECIATION> (23,520,471)<F3> <TOTAL-ASSETS> 13,245,952 <CURRENT-LIABILITIES> 0 <BONDS> 949,303<F4> <PREFERRED-MANDATORY> 16,933,049 <PREFERRED> 0 <COMMON> 0<F5> <OTHER-SE> (4,636,400) <TOTAL-LIABILITY-AND-EQUITY> 13,245,952 <SALES> 0 <TOTAL-REVENUES> 7,169,243<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,434,672<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,154,453 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 2,565,192<F8> <CHANGES> 0 <NET-INCOME> 3,145310<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 $34,849,450 and deferred expenses of $347,038. <F3>Accumulated depreciation of $23,263,961 and accumulated amortization of deferred expenses of $256,510. <F4>Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($304,916) and ($4,331,484), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $2,948,012, real estate taxes of $724,018 and depreciation and amortization of $1,762,642. <F8>Includes gain on sale of property of $2,960,743, loss from extinguishment of debt of ($389,523) and minority interest of ($6,028). <F9>Net income allocated $31,452 to the General Partners and $3,113,858 to the Limited Partners. Average net income per Unit of Limited Partners interest is $103.03 on 30,000 Units outstanding. </FN>