<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 5 Financial Statements for the nine months ended September 30, 1997 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 1,382,317 <SECURITIES> 0 <RECEIVABLES> 311,906<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,852,698 <PP&E> 72,527,553<F2> <DEPRECIATION> (41,180,356)<F3> <TOTAL-ASSETS> 34,894,118 <CURRENT-LIABILITIES> 2,569,904 <BONDS> 41,844,331<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (9,520,117)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 34,894,118 <SALES> 0 <TOTAL-REVENUES> 10,886,676<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,304,760<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,551,538 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 30,378<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>Multi-family complexes of $71,636,390 and deferred expenses of $891,163. <F3>Accumulated depreciation of $40,660,816 and accumulated amortization of deferred expenses of $519,540. <F4>Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($399,225) and ($9,120,892), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $4,163,749, real estate taxes of $1,496,052 and depreciation and amortization of $2,644,959. <F8>Net income allocated $304 to the General Partners and $30,074 to the Limited Partners. Average net income per Unit of Limited Partners interest is $.80 on 35,000 Units outstanding. </FN>