<ARTICLE> 5 <LEGEND> This FDS schedule Krupp Realty Fund-V contains summary finanical information extracted from the financial statements for the quarter ended March 31, 1995 and is qualified in its entirety by reference to such financials statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 1,726,155 <SECURITIES> 0 <RECEIVABLES> 41,311 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,707,210 <PP&E> 74,494,764<F1> <DEPRECIATION> (36,226,177)<F2> <TOTAL-ASSETS> 41,743,263 <CURRENT-LIABILITIES> 4,131,339 <BONDS> 47,247,729<F3> <COMMON> (9,635,805)<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 41,743,263 <SALES> 3,601,505 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,711,128<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 988,533 <INCOME-PRETAX> (98,156) <INCOME-TAX> 0 <INCOME-CONTINUING> (98,156) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (98,156) <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F1>Includes apartment complexes of $73,449,133 and deferred expenses of $1,045,631. <F2>Includes depreciation of $35,741,241 and amortization of $484,936. <F3>Represents mortgage notes payable. <F4>Represents total deficit of general partners and limited partner of ($400,382) and ($9,235,423), respecitvely. <F5>Includes operating expenses $1,263,117, real estate tax expense $591,266 and depreication and amortization of $856,745. <F6>Net loss allocated ($982) to the G.P.'s and ($97,174) to the L.P.'s for the 3 months ended 3/31/95. Average net income per unit of L.P. interest is ($2.76) on 35,200 units outstanding. </FN>