<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from National Property Investors 7 1997 First Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000732439 <NAME> NATIONAL PROPERTY INVESTORS 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 3,842 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 45,142 <DEPRECIATION> (22,790) <TOTAL-ASSETS> 27,848 <CURRENT-LIABILITIES> 0<F1> <BONDS> 20,309 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 6,966 <TOTAL-LIABILITY-AND-EQUITY> 27,848 <SALES> 0 <TOTAL-REVENUES> 1,851 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,731 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 410 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 120 <EPS-PRIMARY> 1.96<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has unclassified balance sheet. <F2>Multiplier is 1. </FN>