<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Preferred Properties Fund 80 1997 First Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000312903 <NAME> PREFERRED PROPERTIES FUND 80 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 167 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 5,345 <DEPRECIATION> (1,897) <TOTAL-ASSETS> 3,823 <CURRENT-LIABILITIES> 0<F1> <BONDS> 5,336 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (2,054) <TOTAL-LIABILITY-AND-EQUITY> 3,823 <SALES> 0 <TOTAL-REVENUES> 205 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 242 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 135 <INCOME-PRETAX> (37) <INCOME-TAX> 0 <INCOME-CONTINUING> (37) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (37) <EPS-PRIMARY> (1.76)<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has an unclassified balance sheet. <F2>Multiplier is 1. </FN>