<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from 
Johnstown/Consolidated Income Partners 1998 Third Quarter 10-QSB and is 
qualified in its entirety by reference to such 10-QSB filing.
</LEGEND>
<CIK> 0000787621
<NAME> JOHNSTOWN/CONSOLIDATED INCOME PARTNERS
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                    9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998   
<CASH>                                           1,817
<SECURITIES>                                         0
<RECEIVABLES>                                      249
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0<F1>
<PP&E>                                          13,463
<DEPRECIATION>                                   6,498   
<TOTAL-ASSETS>                                   9,655   
<CURRENT-LIABILITIES>                                0<F1>
<BONDS>                                          2,325     
<PREFERRED-MANDATORY>                                0     
<PREFERRED>                                          0  
<COMMON>                                             0
<OTHER-SE>                                       7,052    
<TOTAL-LIABILITY-AND-EQUITY>                     9,655    
<SALES>                                              0
<TOTAL-REVENUES>                                 2,079    
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 1,523    
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 138    
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       556     
<EPS-PRIMARY>                                     4.27<F2>
<EPS-DILUTED>                                        0
<FN>
<F1>Registrant has an unclassified balance sheet.
<F2>Multiplier is 1.
</FN>