<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from
Multi-Benefit Realty Fund '87-1 1995 Third Quarter 10-QSB and is qualified in
its entirety by reference to such 10-QSB.
</LEGEND>
<CIK> 0000802200
<NAME> MULTI-BENEFIT REALT FUND 87-1
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                           1,401
<SECURITIES>                                       305
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0<F1>
<PP&E>                                          22,809
<DEPRECIATION>                                 (8,780)
<TOTAL-ASSETS>                                  16,527
<CURRENT-LIABILITIES>                                0<F1>
<BONDS>                                         11,457
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                       4,019
<TOTAL-LIABILITY-AND-EQUITY>                    16,527
<SALES>                                              0
<TOTAL-REVENUES>                                 3,455
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 3,481
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 794
<INCOME-PRETAX>                                    513
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                513
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       513
<EPS-PRIMARY>                                     2.96
<EPS-DILUTED>                                        0
<FN>
<F1>The Registrant has an unclassified balance sheet.
</FN>