<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 5 Financial Statements for the three months ended March 31, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 987,394 <SECURITIES> 0 <RECEIVABLES> 1,079,321<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,905,987 <PP&E> 73,108,282<F2> <DEPRECIATION> (42,536,410)<F3> <TOTAL-ASSETS> 34,544,574 <CURRENT-LIABILITIES> 2,913,158 <BONDS> 42,263,337<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (10,631,921)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 34,544,574 <SALES> 0 <TOTAL-REVENUES> 3,703,959<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,681,795<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 754,062 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 268,102<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 $72,542,910 and deferred expenses of $565,372. <F3>Accumulated depreciation of $42,479,396 and accumulated amortization of deferred expenses of $57,014. <F4>Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partnes of ($410,343) and ($10,221,578), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $1,219,384, real estate taxes of $576,814 and depreciation and amortization of $885,597. <F8>Net income allocated $2,681 to the General Partners and $265,421 to the Limited Partners. Average net income per Unit of Limited Partners interest is $7.08 on 35,200 Units outstanding. </FN>