<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 5 Financial Statements for the twelve months ended December 31, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 2,101,415 <SECURITIES> 0 <RECEIVABLES> 780,538<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,767,572 <PP&E> 74,447,714<F2> <DEPRECIATION> (45,375,530)<F3> <TOTAL-ASSETS> 34,721,709 <CURRENT-LIABILITIES> 3,849,574 <BONDS> 41,836,237<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (10,964,102)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 34,721,709 <SALES> 0 <TOTAL-REVENUES> 15,100,395<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 11,406,704<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,000,780 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 692,911<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 $73,882,342 and deferred expenses of $565,372. <F3>Accumulated depreciaton of $45,292,687 and accumulated amortization of deferred expenses of $82,843. <F4>Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($413,665) and ($10,550,437), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $5,564,553, real estate taxes of $2,117,434 and depreciaton and amortization of $3,724,717. <F8>Net income allocated $6,929 to the General Partners and $685,982 to the Limited Partners. Average net income per Unit Of Limited Partners interest is $18.31 on 35,200 Units outstanding. </FN>