<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from Preferred
Properties Fund 82 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER>   1
       
                                
<PERIOD-TYPE>                      3-MOS
<FISCAL-YEAR-END>                  SEP-30-1995
<PERIOD-START>                     OCT-01-1994
<PERIOD-END>                       DEC-31-1994
<CASH>                                        3,781,000
<SECURITIES>                                          0
<RECEIVABLES>                                   471,000
<ALLOWANCES>                                          0
<INVENTORY>                                      74,000
<CURRENT-ASSETS>                                      0
<PP&E>                                       18,300,000
<DEPRECIATION>                              (9,148,000)
<TOTAL-ASSETS>                               17,891,000
<CURRENT-LIABILITIES>                                 0
<BONDS>                                      12,956,000 <F1>
<COMMON>                                              0
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<OTHER-SE>                                    3,708,000
<TOTAL-LIABILITY-AND-EQUITY>                 17,891,000
<SALES>                                       1,224,000
<TOTAL-REVENUES>                              4,048,000
<CGS>                                           937,000
<TOTAL-COSTS>                                 3,353,000
<OTHER-EXPENSES>                                      0
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                              424,000
<INCOME-PRETAX>                                 324,000
<INCOME-TAX>                                          0
<INCOME-CONTINUING>                             324,000
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                    324,000
<EPS-PRIMARY>                                         5
<EPS-DILUTED>                                         5

<FN>
<F1> 
Bonds include note payable to related party of $518,000.
</FN>