<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 5 Financial Statements for the three months ended March 31, 1999 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 2,575,960 <SECURITIES> 0 <RECEIVABLES> 750,396<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,346,526 <PP&E> 74,619,176<F2> <DEPRECIATION> (46,225,697)<F3> <TOTAL-ASSETS> 35,066,361 <CURRENT-LIABILITIES> 4,654,128 <BONDS> 41,689,011<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> (11,276,778)<F5> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 35,066,361 <SALES> 0 <TOTAL-REVENUES> 3,888,073<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,699,837<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 743,923 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 444,313<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 $74,053,804 and deferred expenses of $565,372. <F3>Accumulated depreciation of $46,134,246 and accumulated amortization of deferred expenses of $91,451. <F4> Represents mortgage notes payable. <F5>Represents total deficit of the General Partners and Limited Partners of ($416,792) and ($10,859,986), respectively. <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $1,276,872, real estate taxes of $572,798 and depreciation and amortization of $850,167. <F8>Net income allocated $4,443 to the General Partners and $439,870 to the Limited Partners. Average net income per Unit of Limited Partners interest is $11.74 on 35,200 Units outstanding. </FN>