<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund V financial statements for the year ended December 31, 1996 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 1,767,094 <SECURITIES> 0 <RECEIVABLES> 140,152<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,234,802 <PP&E> 71,555,618<F2> <DEPRECIATION> (38,535,397)<F3> <TOTAL-ASSETS> 37,162,269 <CURRENT-LIABILITIES> 2,928,530 <BONDS> 42,270,255<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,036,516<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 50,306,771 <SALES> 0 <TOTAL-REVENUES> 13,660,261<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,338,356<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,440,980 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (119,075)<F8> <EPS-PRIMARY> 0<F8> <EPS-DILUTED> 0<F8> <FN> <F1>Includes all receivables included in "prepaid expenses and other assets" on the balance sheet <F2>Includes apartment complexes of $70,664,455 and deferred mortgage costs of $891,163 <F3>Includes accumulated depreciation of ($38,066,263) and accumulated amortization of deferred mortgage costs of ($469,134). <F4>Represents mortgage notes payable. <F5>Total deficit of the General Partners of ($384,389) and the limited partners ($7,652,127). <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $5,329,153, real estate taxes of $1,621,545, and depreciation and amortization of $3,387,658. <F8>Net loss allocated (117,884) to the Limited Partners and (1,191) to the General Partners. Average net loss per unit of Limited Partner interest is ($3.35). </FN>