<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF NATIONAL PROPERTIES INVESTMENT TRUST AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-12-1997 <PERIOD-END> JUN-30-1997 <CASH> 10,616 <SECURITIES> 0 <RECEIVABLES> 23,659 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 61,372 <PP&E> 1,693,491 <DEPRECIATION> 682,256 <TOTAL-ASSETS> 1,072,607 <CURRENT-LIABILITIES> 62,814 <BONDS> 557,029 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 11,772,347 <TOTAL-LIABILITY-AND-EQUITY> 1,072,607 <SALES> 0 <TOTAL-REVENUES> 175,687 <CGS> 0 <TOTAL-COSTS> 119,962 <OTHER-EXPENSES> 45,938 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 28,976 <INCOME-PRETAX> 10,184 <INCOME-TAX> 0 <INCOME-CONTINUING> 10,184 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,184 <EPS-PRIMARY> 0.01 <EPS-DILUTED> 0.01