<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 5 Financial Statements for the six months ended June 30, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 1,632,881 <SECURITIES> 0 <RECEIVABLES> 1,025,319<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,478,018 <PP&E> 73,488,029<F2> <DEPRECIATION> (43,435,037)<F3> <TOTAL-ASSETS> 35,189,210 <CURRENT-LIABILITIES> 3,371,352 <BONDS> 42,123,359<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (10,305,501)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 35,189,210 <SALES> 0 <TOTAL-REVENUES> 7,441,728<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,341,602<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,505,604 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 594,522<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 $72,922,657 and deferred expenses of $565,372. <F3>Accumulated depreciation of $43,369,414 and accumulated amortization of deferred expenses of $65,623. <F4>Represents mortgage note payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($407,078) and ($9,898,423), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $2,401,331, real estate taxes of $1,156,047 and depreciation and amortization of $1,784,224. <F8>Net income allocated $5,945 to the General Partners and $588,577 to the Limited Partners. Average net income per Unit of Limited Partners interest is $15.71 on 35,200 Units outstanding. </FN>