<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 5 the financial statements for the quarter ended March 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,923,068 <SECURITIES> 0 <RECEIVABLES> 63,619<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,091,593 <PP&E> 69,363,722<F2> <DEPRECIATION> (35,951,554)<F3> <TOTAL-ASSETS> 37,490,448 <CURRENT-LIABILITIES> 2,494,888 <BONDS> 42,672,105<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (7,676,545)<F5> <OTHER-SE> 37,490,448 <TOTAL-LIABILITY-AND-EQUITY> 3,284,637<F6> <SALES> 0 <TOTAL-REVENUES> 3,284,637 <CGS> 0 <TOTAL-COSTS> 2,557,882<F7> <OTHER-EXPENSES> 0 <LOSS-PROVISION> 864,354 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (137,599)<F8> <EPS-PRIMARY> 0<F8> <EPS-DILUTED> 0<F8> <FN> <F1>Includes all receivables grouped in "Other Assets" on the balance sheet. <F2>Includes apartment complexes of $68,472,559 and deferred expenses of $891,163. <F3>Depreciation of $35,532,827 and amortization of $418,727. <F4>Represents mortgage note payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($380,788) and ($7,295,757). <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $1,270,244, real estate tax expense of $483,823 and depreciation and amortization of $803,815. <F8>Net loss allocated (1,376) to the General Partners and (136,223) to the limited partners. Average net loss per unit of limited partners interest is ($3.87) on 35,200 Units outstanding. </FN>