<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Krupp Realty Fund 7 financial statement for the quarter ended June 30, 1995 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <CASH> 1,362,960 <SECURITIES> 0 <RECEIVABLES> 165,904 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 299,086 <PP&E> 28,317,425<F1> <DEPRECIATION> (12,211,567)<F2> <TOTAL-ASSETS> 17,933,808 <CURRENT-LIABILITIES> 672,322 <BONDS> 12,829,858<F3> <COMMON> 4,431,628<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 17,933,808 <SALES> 2,241,792 <TOTAL-REVENUES> 2,241,792 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,608,165<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 561,798 <INCOME-PRETAX> 71,829 <INCOME-TAX> 0 <INCOME-CONTINUING> 71,829 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 71,829 <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F1>Includes apartment complexes of $18,405,698, retail center of $9,624,436 and deferred expenses of $287,291. <F2>Includes depreciation of $12,173,989 and amortization of deferred expenses $37,578. <F3>Represents mortgage notes payable. <F4>Represents total equity of general partners (228,540) and limited partners 4,660,168. <F5>Includes operating expenses of $755,620, real estate tax of $222,312, and depreciation and amortization of $630,233. <F6>Net income allocated $1,437 to general partners and $70,392 to the limited partners for the six months ended 6/30/95. Average net income is $2.38 per unit for 27,184 units outstanding. </FN>