<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 5 Financial Statements for the nine months ended September 30, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 1,361,109 <SECURITIES> 0 <RECEIVABLES> 1,066,663<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,092,379 <PP&E> 73,960,270<F2> <DEPRECIATION> (44,402,722)<F3> <TOTAL-ASSETS> 35,077,699 <CURRENT-LIABILITIES> 3,741,475 <BONDS> 41,981,006<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (10,644,782)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 35,077,699 <SALES> 0 <TOTAL-REVENUES> 11,277,451<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,010,820<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,254,400 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,012,231<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 $73,394,898 and deferred expenses of $565,372. <F3>Accumulated depreciation of $44,328,488 and accumulated amortization of deferred expenses of $74,234. <F4>Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($410,472) and ($10,234,310), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $3,530,021, real estate taxes of $1,002,109 to the Limited Partners. Average net income per Unit of Limited Partners interest is $26.74 on 35,200 Units outstanding. <F8>Net income allocated $10,122 to the General Partners and $1,002,109 to the Limited Partners. Average net income per Unit of Limited Partners interest is $26.74 on 35,200 Units outstanding. </FN>