<ARTICLE> 5 <CIK> 0000761648 <NAME> CEDAR INCOME FUND, LTD. <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 670,306 <SECURITIES> 0 <RECEIVABLES> 115,339 <ALLOWANCES> 19,926 <INVENTORY> 0 <CURRENT-ASSETS> 970,571 <PP&E> 18,462,902 <DEPRECIATION> 3,755,012 <TOTAL-ASSETS> 16,270,149 <CURRENT-LIABILITIES> 221,577 <BONDS> 1,423,492 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,245,411 <OTHER-SE> 12,379,669 <TOTAL-LIABILITY-AND-EQUITY> 16,270,149 <SALES> 0 <TOTAL-REVENUES> 2,217,026 <CGS> 0 <TOTAL-COSTS> 1,320,843 <OTHER-EXPENSES> 195,358 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 138,209 <INCOME-PRETAX> 561,616 <INCOME-TAX> 0 <INCOME-CONTINUING> 561,616 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 561,616 <EPS-PRIMARY> .25 <EPS-DILUTED> .25