<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 5 Financial Statements for the nine months ended September 30, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 2,209,741 <SECURITIES> 0 <RECEIVABLES> 75,300<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,972,859 <PP&E> 70,274,620<F2> <DEPRECIATION> (37,625,260)<F3> <TOTAL-ASSETS> 36,907,260 <CURRENT-LIABILITIES> 2,401,383 <BONDS> 42,406,807<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (7,900,930)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 36,907,260 <SALES> 0 <TOTAL-REVENUES> 10,152,411<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,551,086<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,584,814 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 16,511<F8> <EPS-PRIMARY> 0<F8> <EPS-DILUTED> 0<F8> <FN> <F1>Includes all receivables grouped in "Prepaid expenses and other assets" on the balance sheet. <F2>Includes apartment complexes of $69,383,535 and accumulated amortization of deferred expenses of $891,163. <F3>Represents depreciation of $37,172,929 and accumualated amortization of deferred expeneses of $452,331. <F4>Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($383,033) and ($7,517,897), respectively. <F6>Includes all revenue of the Partnership. <F7>Operating expenses of $3,942,684, real estate tax expenses of $1,130,881 and depreication and amortization of $2,477,521. <F8>Net income allocated $165 to the General Partners and $16,346 to the Limited Partners. Average net income per Unit of Limited Partners interest is $.46 on 35,200 Units outstanding. </FN>