UNITED STATES
              SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C. 20549
                                    

                          FORM 10-K-A

                        AMENDMENT NO. 1


 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
 ACT OF 1934 [FEE REQUIRED]

      For the fiscal year ended       December 31, 1994                 

                              OR

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
 EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

For the transition period from               to               

      Commission file number                 0-11985            

              Krupp Realty Limited Partnership-V
    (Exact name of registrant as specified in its charter)

      Massachusetts                           04-2796207
(State or other jurisdiction of     (IRS Employer
incorporation or organization)      Identification No.)

470 Atlantic Avenue, Boston, Massachusetts     02210
(Address of principal executive offices)      (Zip Code)

(Registrant's telephone number, including area code)(617) 423-233 


This amendment is being filed to submit the Financial Data Schedule.

                                     SIGNATURES


    Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, on the 21th day of April, 1995.

                     KRUPP REALTY LIMITED PARTNERSHIP-V 
                     By: The Krupp Corporation, a General
                         Partner

                   By: /s/Marianne Pritchard          
                       Treasurer and Chief Accounting Officer      
                       The Krupp Corporation, a General          Partner