<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from National Property Investors 7 1996 First Quarter 10-QSB and is qualified in its entirety by reference to such 10-QSB filing. </LEGEND> <CIK> 0000732439 <NAME> NATIONAL PROPERTY INVESTORS 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 3,089 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0<F1> <PP&E> 44,695 <DEPRECIATION> 21,115 <TOTAL-ASSETS> 27,716 <CURRENT-LIABILITIES> 0<F1> <BONDS> 18,246 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,890 <TOTAL-LIABILITY-AND-EQUITY> 27,716 <SALES> 0 <TOTAL-REVENUES> 1,813 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,786 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 390 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 27 <EPS-PRIMARY> .44 <EPS-DILUTED> 0 <FN> <F1>The Registrant has an unclassified balance sheet. </FN>