<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from National Property Investors 7 1997 Second 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> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 4,164 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 45,224 <DEPRECIATION> (23,212) <TOTAL-ASSETS> 27,962 <CURRENT-LIABILITIES> 0<F1> <BONDS> 20,301 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,031 <TOTAL-LIABILITY-AND-EQUITY> 27,962 <SALES> 0 <TOTAL-REVENUES> 3,706 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,521 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 821 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 185 <EPS-PRIMARY> 3.03<F2> <EPS-DILUTED> 0 <FN> <F1>Registrant has an unclassified balance sheet. <F2>Multiplier is 1. </FN>