<ARTICLE> 5 <LEGEND> This FDS schedule for Krupp Realty Fund-VII contains summary financial information extracted from the financial statements for the quarter ended March 31, 1995 and is qualified in its entirety by reference to such financials statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 1,028,978 <SECURITIES> 0 <RECEIVABLES> 140,441 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 407,089 <PP&E> 28,271,137<F1> <DEPRECIATION> (11,894,998)<F2> <TOTAL-ASSETS> 17,952,647 <CURRENT-LIABILITIES> 683,589 <BONDS> 12,871,418<F3> <COMMON> 4,397,640<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 17,952,647 <SALES> 1,113,121 <TOTAL-REVENUES> 1,113,121 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 793,965<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 281,315 <INCOME-PRETAX> 37,841 <INCOME-TAX> 0 <INCOME-CONTINUING> 37,841 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 37,841 <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F6>Net income allocated $757 to g.p.'s and $37,084 to L.P.'s for the quarter ended 3/31/95. Average net income is $1.25 per unit for 27,184 units outstanding. <F5>Includes operating expenses of $366,733, real estate tax expense of $113,571 & depreciation and amortization of $313,661. <F4>Represents total equity of general partners (229,220) and limited partners 4,626,860. <F3>Represents mortgage notes payable. <F2>Includes depreciation of $11,866,431 and amortization of deferred expenses of $28,567. <F1>Includes apartment complexes of $18,362,475, retail center of $9,622,506 and deferred expenses of $286,156. </FN>