United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549


                                   Form 10-QSB


(Mark One)
[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934


                 For the quarterly period ended September 30, 2002


[ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      OF  1934


                For the transition period from _________to _________

                         Commission file number 0-14533


                OXFORD RESIDENTIAL  PROPERTIES I LIMITED PARTNERSHIP
       (Exact name of small business issuer as specified in its charter)



          Maryland                                                52-1322906
(State or other jurisdiction of                                (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                          55 Beattie Place, PO Box 1089
                        Greenville, South Carolina 29602
                    (Address of principal executive offices)


                                 (864) 239-1000
                           (Issuer's telephone number)

<PAGE>



                         PART I - FINANCIAL INFORMATION



ITEM 1.     FINANCIAL STATEMENTS




                OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)
                        (in thousands, except unit data)

                               September 30, 2002

<TABLE>
<CAPTION>

Assets
<S>                                                                            <C>
  Cash and cash equivalents                                                    $   846
  Receivables and deposits                                                         892
  Restricted escrows                                                               371
  Other assets                                                                     189
  Investment properties:
   Land                                                         $ 3,681
   Buildings and improvements                                     42,573
                                                                  46,254
   Less accumulated depreciation                                 (22,141)       24,113
                                                                              $ 26,411
Liabilities and Partners' (Deficit) Capital
Liabilities
  Accounts payable                                                             $ 417
  Tenant security deposits                                                         141
  Accrued taxes                                                                    309
  Other liabilities                                                                307
  Due to general partner                                                         1,442
  Mortgage notes payable                                                        18,995

Partners' (Deficit) Capital
  General partners                                               $ (935)
  Assignor limited partner                                             1
  Assignee unit holders (25,714 units issued and 23,558
    outstanding)                                                   5,734         4,800
                                                                              $ 26,411

            See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>


                OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
                        (in thousands, except unit data)
<TABLE>
<CAPTION>

                                                    Three Months Ended     Nine Months Ended
                                                      September 30,          September 30,
                                                     2002        2001        2002       2001
Revenues:
<S>                                                <C>         <C>         <C>        <C>
  Rental income                                    $ 2,022     $ 2,006     $ 5,975    $ 6,194
  Other income                                         219         137         566        414
      Total revenues                                 2,241       2,143       6,541      6,608

Expenses:
  Operating                                            738         879       2,386      2,503
  General and administrative                            46          42          88        113
  Depreciation                                         402         456       1,255      1,211
  Interest                                             403         424       1,253      1,280
  Property taxes                                       279         241         780        694
       Total expenses                                1,868       2,042       5,762      5,801

Income before cumulative effect                        373         101         779        807
Cumulative effect on prior years of a change
  in accounting principle for the cost of
  capital improvements and replacements                 --          --          --      1,120

Net income                                          $ 373       $ 101       $ 779     $ 1,927

Net income allocated to general partners (2%)        $ 7         $ 2         $ 16       $ 39
Net income allocated to limited partner (98%)          366          99         763      1,888

                                                    $ 373       $ 101       $ 779     $ 1,927
Per assignee unit:
  Income before cumulative effect                  $ 15.54      $ 4.20     $ 32.39    $ 33.53
  Cumulative effect on prior years of a change
   in accounting principle for the cost of
   capital improvements and replacements                --          --          --      46.61

Net income                                         $ 15.54      $ 4.20     $ 32.39    $ 80.14

Proforma amounts assuming the new accounting
  principle was applied retroactively:
   Net income                                       $ 373       $ 101       $ 779      $ 807
   Net income per assignee unit                    $ 15.54      $ 4.20     $ 32.39    $ 33.53

Distribution per assignee unit                       $ --      $ 15.28     $ 54.12    $ 15.28

            See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>


                OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

               CONSOLIDATED STATEMENT OF PARTNERS' (DEFICIT) CAPITAL
                                   (Unaudited)
                                 (in thousands)

<TABLE>
<CAPTION>

                                  Assignee   General       Assignor       Assignee
                                    Units    Partners  Limited Partner  Unit Holders     Total

Partners' (deficit) capital
<S>           <C> <C>               <C>       <C>            <C>           <C>          <C>
  at December 31, 2001              23,558    $ (951)        $ 1           $ 6,246      $ 5,296

Distributions to partners               --        --            --          (1,275)      (1,275)

Net income for the nine months
  ended September 30, 2002              --        16            --             763          779

Partners' (deficit) capital
  at September 30, 2002             23,558    $ (935)        $ 1           $ 5,734      $ 4,800

            See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

                OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (in thousands)
<TABLE>
<CAPTION>

                                                                 Nine Months Ended
                                                                   September 30,
                                                                  2002         2001
Cash flows from operating activities:
<S>                                                              <C>         <C>
  Net income                                                     $ 779       $ 1,927
  Adjustments to reconcile net income to net cash
   provided by operating activities:
     Depreciation                                                 1,255        1,211
     Amortization of loan costs                                      39           49
     Cumulative effect on prior years of a change in
      accounting principle for the costs of capital
      improvements and replacements                                  --       (1,120)
     Changes in assets and liabilities:
      Receivables and deposits                                     (222)         (87)
      Other assets                                                    2          (31)
      Accounts payable                                             (183)         159
      Tenant security deposits                                      (29)         (16)
      Due to general partner                                        191          121
      Accrued property tax                                          153          147
      Other liabilities                                              73          129
          Net cash provided by operating activities               2,058        2,489

Cash flows from investing activities:
  Property improvements and replacements                           (511)      (1,370)
  Net withdrawals from restricted escrows                           170          124
          Net cash used in investing activities                    (341)      (1,246)

Cash flows from financing activities:
  Payments on mortgage notes payable                               (398)        (367)
  Distributions to partners                                      (1,275)      (1,510)
  Repayment of loan from affiliate                                 (199)        (234)
  Advances from affiliate                                            --          433
          Net cash used in financing activities                  (1,872)      (1,678)

Net decrease in cash and cash equivalents                          (155)        (435)
Cash and cash equivalents at beginning of period                  1,001        1,599

Cash and cash equivalents at end of period                       $ 846       $ 1,164

Supplemental disclosure of cash flow information:
  Cash paid for interest                                        $ 1,197      $ 1,232

Supplemental disclosure of non-cash information:
  Fixed assets in accounts payable                               $ 357        $ --

At December 31, 2000, distributions of approximately $1,150,000 were accrued and
paid during the nine months ended September 30, 2001.

            See Accompanying Notes to Consolidated Financial Statements

</TABLE>

<PAGE>

                OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note A - Financial Statements

The  accompanying   unaudited   consolidated   financial  statements  of  Oxford
Residential  Properties I Limited  Partnership (the "Partnership" or "ORP") have
been prepared in accordance with generally  accepted  accounting  principles for
interim financial  information and with the instructions to Form 10-QSB and Item
310(b)  of  Regulation  S-B.  Accordingly,  they  do  not  include  all  of  the
information and footnotes required by generally accepted  accounting  principles
for  complete  financial  statements.  In  the  opinion  of  Oxford  Residential
Properties I Corporation  (the  "Managing  General  Partner"),  all  adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation have been included. Operating results for the three and nine months
ended September 30, 2002, are not necessarily indicative of the results that may
be  expected  for  the  fiscal  year  ending  December  31,  2002.  For  further
information,  refer  to the  consolidated  financial  statements  and  footnotes
thereto  included  in the  Partnership's  Annual  Report on Form  10-KSB for the
fiscal  year  ended  December  31,  2001.  The  Managing  General  Partner is an
affiliate of Apartment  Investment and Management Company ("AIMCO"),  a publicly
traded real estate investment trust.

Certain  reclassifications  have been made to the 2001 amounts to conform to the
2002 presentation.

Note B - Transactions with Affiliates

The Partnership has no directors or officers.  The Managing  General Partner and
its affiliates do not receive any direct compensation,  but receive fees and are
reimbursed  by ORP  for  any  actual  direct  costs  and  expenses  incurred  in
connection with the operation of the Partnership.

Expense  reimbursements are for an affiliate's  personnel costs, travel expenses
and  interest  on  interim  working  capital  advances,  which  are not  covered
separately by fees. Total reimbursements to the Managing General Partner and its
affiliates  for the nine month periods ended  September 30, 2002 and 2001,  were
approximately  $35,000  and  $32,000,   respectively,   for  administrative  and
accounting related costs.

During the nine months ended  September  30, 2002,  an affiliate of the Managing
General Partner received  approximately $16,000 for fees related to construction
management  services.  There  were no such fees  during  the nine  months  ended
September 30, 2001.  The  construction  management  service fees are  calculated
based on a percentage of current year additions to the investment properties.

Under  the  Property  Management  Agreement  with NHP  Management  Company,  the
management fee is equal to 5% of gross collections for all properties;  however,
40% of this fee is subordinated until certain distribution  preference levels to
the Assignee  Unit  Holders are  achieved.  Total  property  management  fees of
approximately $327,000 and $319,000 for the nine months ended September 30, 2002
and 2001,  respectively,  were  charged to expense and are included in operating
expense on the consolidated statement of operations. Property management fees of
approximately  $127,000 for the nine month period ended  September 30, 2002 have
been  deferred  and  are  included  in  other  liabilities  on the  accompanying
consolidated  balance sheet. At September 30, 2002,  deferred management fees of
approximately  $1,332,000  are  included  in  Due  to  general  partner  on  the
accompanying consolidated balance sheet.

Beginning in 2001, the  Partnership  began insuring its properties up to certain
limits through coverage provided by AIMCO which is generally  self-insured for a
portion of losses and  liabilities  related  to workers  compensation,  property
casualty and vehicle liability. The Partnership insures its properties above the
AIMCO  limits  through  insurance  policies  obtained  by  AIMCO  from  insurers
unaffiliated  with the Managing  General  Partner.  During the nine months ended
September  30,  2002 and 2001,  the  Partnership  was  charged  by AIMCO and its
affiliates  approximately  $116,000 and  $123,000,  respectively,  for insurance
coverage and fees associated with policy claims administration.

Note C - Change in Accounting Principle

Effective  January 1, 2001,  the four  properties  comprising  the ORP portfolio
changed their thresholds for capitalizing expenditures for certain enhancements,
replacements and  improvements to the investment real estate,  and changed their
method of accounting to capitalize  expenditures  for certain  replacements  and
improvements, such as asphalt paving, major landscaping and common area interior
and exterior  painting.  Management  believes  that these  accounting  principle
changes are preferable  because they provide a better  matching of expenses with
the  related  benefit  of the  expenditures  and are  consistent  with  industry
practice and policies of the Managing  General  Partner.  During the nine months
ended  September  30, 2001,  ORP  recognized a cumulative  effect  adjustment of
approximately  $1,120,000,  which is the result of applying the  afore-mentioned
change in accounting  principles  retroactively to prior periods. The accounting
principle  changes  will not have an effect on cash flow,  funds  available  for
distribution or fees payable to the Managing General Partner and affiliates.

Note D - Subsequent Event - Casualty

In April 2001, The Landings  Apartments  incurred  damages to its buildings as a
result of a fire. As a result of the damage,  net fixed assets of  approximately
$61,000  were  written  off.  Subsequent  to  September  30,  2002,  proceeds of
approximately  $299,000 were  received from the insurance  company to repair the
damaged  units.  Accordingly,  a casualty  gain of  approximately  $238,000  was
recognized  in  October  as a result  of the  difference  between  the  proceeds
received and the net book value of the buildings which were damaged.



<PAGE>




ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

The Private  Securities  Litigation  Reform Act of 1995 provides a "safe harbor"
for forward-looking  statements in certain circumstances.  The matters discussed
in this report contain certain forward-looking  statements,  including,  without
limitation,  statements regarding future financial performance and the effect of
government regulations. The discussions of the Registrant's business and results
of operations,  including forward-looking statements pertaining to such matters,
do not take into account the effects of any changes to the Registrant's business
and  results of  operations.  Actual  results may differ  materially  from those
described in the forward-looking statements and will be affected by a variety of
risks and factors  including,  without  limitation:  national and local economic
conditions; the terms of governmental regulations that affect the Registrant and
interpretations of those regulations;  the competitive  environment in which the
Registrant  operates;  financing risks,  including the risk that cash flows from
operations  may be  insufficient  to meet  required  payments of  principal  and
interest;  real estate risks, including variations of real estate values and the
general  economic  climate in local markets and  competition for tenants in such
markets; and possible environmental liabilities. Readers should carefully review
the Registrant's financial statements and the notes thereto, as well as the risk
factors  described in the documents the Registrant  files from time to time with
the Securities and Exchange Commission.

The Partnership's investment properties consist of four apartment complexes. The
following table sets forth the average  occupancy of the properties for the nine
months ended September 30, 2002 and 2001:

                                                   Average Occupancy
      Property                                      2002       2001

      The Landings Apartments (1)                   94%        89%
        Indianapolis, Indiana
      Shadow Oaks Apartments (2)                    95%        92%
        Tampa, Florida
      Raven Hill Apartments (3)                     93%        98%
        Burnsville, Minnesota
      Fairlane East Apartments                      92%        93%
        Dearborn, Michigan

(1)   The Managing General Partner  attributes the increase in average occupancy
      at The  Landings  Apartments  to units  damaged  in a fire in  April  2001
      becoming available to lease in 2002, as repairs have been completed.

(2)   The Managing General Partner  attributes the increase in average occupancy
      at Shadow Oaks Apartments to increased marketing efforts.

(3)   The Managing General Partner  attributes the decrease in average occupancy
      at Raven Hill  Apartments  to the  availability  of new homes and low home
      mortgage interest rates.

Results of Operations

The  Partnership's  net income for the three and nine months ended September 30,
2002 was approximately $373,000 and $779,000,  respectively,  as compared to net
income for the three and nine months ended  September 30, 2001 of  approximately
$101,000 and $1,927,000,  respectively.  The decrease in net income for the nine
months  ended  September  30,  2002  is  primarily  due  to the  recognition  of
approximately  $1,120,000  in 2001 of a  cumulative  effect on prior  years of a
change in accounting principle as discussed below.

Income  before the  cumulative  effect on prior years of a change in  accounting
principle was approximately  $373,000 and $779,000 for the three and nine months
ended September 30, 2002, respectively,  as compared to income before cumulative
effect of  approximately  $101,000  and  $807,000  for the three and nine months
ended  September  30,  2001,  respectively.  The  increase in income  before the
cumulative  effect for the three months ended  September  30, 2002 was due to an
increase in total  revenues  and a decrease in total  expenses.  The decrease in
income before the cumulative effect for the nine months ended September 30, 2002
was due to a decrease in total revenue offset by a decrease in total expenses.

The increase in total revenues for the three months ended  September 30, 2002 is
due to an increase in other  income.  The  increase in other income is primarily
due to an increase in  utilities  reimbursements  and late charges at all of the
Partnership's  investment  properties partially offset by a decrease in interest
income due to lower  balances  on deposit in  interest  bearing  accounts at all
properties.  For the nine months ended September 30, 2002,  these increases were
partially  offset by a decrease in rental income  primarily due to a decrease in
occupancy  at Raven Hill and  Fairlane  East  Apartments  and a decrease  in the
average rental rate at all four investment properties.

The decrease in total expenses for the nine months ended  September 30, 2002 was
primarily   due  to  decreases   in   operating,   interest,   and  general  and
administrative  expenses  partially  offset by an increase in  depreciation  and
property tax  expenses.  The decrease in operating  expense is primarily  due to
decreases in property expense caused by decreases in employee  apartment expense
and utility expense at Raven Hill Apartments.  Interest expense decreased due to
lower  scheduled  payments on the mortgage notes payable at all four  investment
properties.  The  decrease  in  general  and  administrative  expense  is due to
decreases in the costs  associated with the management of the  Partnership.  The
increase  in  depreciation  expense is due to fixed asset  additions  during the
prior  twelve  months being  placed into  service.  The increase in property tax
expense is due to an increase in the assessed value of Fairlane East  Apartments
and Raven Hill Apartments.

The decrease in total expenses for the three months ended September 30, 2002 was
primarily  due to  decreases in operating  and interest  expenses,  as discussed
above, and depreciation  expense partially offset by an increase in property tax
expenses,  as discussed above. The decrease in depreciation expense is primarily
due to the timing of assets becoming fully depreciated.

Effective  January 1, 2001,  the four  properties  comprising  the ORP portfolio
changed their thresholds for capitalizing expenditures for certain enhancements,
replacements and  improvements to the investment real estate,  and changed their
method of accounting to capitalize  expenditures  for certain  replacements  and
improvements, such as asphalt paving, major landscaping and common area interior
and exterior  painting.  Management  believes  that these  accounting  principle
changes are preferable  because they provide a better  matching of expenses with
the  related  benefit  of the  expenditures  and are  consistent  with  industry
practice and policies of the Managing  General  Partner.  During the nine months
ended  September  30, 2001,  ORP  recognized a cumulative  effect  adjustment of
approximately  $1,120,000,  which is the result of applying the  afore-mentioned
change in accounting  principles  retroactively to prior periods. The accounting
principle  changes  will not have an effect on cash flow,  funds  available  for
distribution or fees payable to the Managing General Partner and affiliates.

As part of the ongoing  business plan of the  Partnership,  the Managing General
Partner monitors the rental market  environment of its investment  properties to
assess the feasibility of increasing rents,  maintaining or increasing occupancy
levels and protecting  the  Partnership  from increases in expenses.  As part of
this plan, the Managing General Partner attempts to protect the Partnership from
the burden of  inflation-related  increases in expenses by increasing  rents and
maintaining a high overall  occupancy  level.  However,  due to changing  market
conditions,  which  can  result  in the use of  rental  concessions  and  rental
reductions to offset softening market conditions, there is no guarantee that the
Managing General Partner will be able to sustain such a plan.

Liquidity and Capital Resources

At  September  30,  2002,  the  Partnership  had cash and  cash  equivalents  of
approximately  $846,000  compared to  approximately  $1,164,000 at September 30,
2001.  The  decrease  in cash and cash  equivalents  for the nine  months  ended
September  30,  2002 from the  Partnership's  year ended  December  31, 2001 was
approximately $155,000. This decrease is due to approximately $1,872,000 of cash
used  in  financing  activities  and  approximately  $341,000  of  cash  used in
investing  activities  offset by  approximately  $2,058,000  of cash provided by
operating   activities.   Cash  used  in  financing   activities   consisted  of
distributions  paid to the partners,  repayment of advances from an affiliate of
the Managing General Partner and principal payments on the mortgages encumbering
the  investment  properties.  Cash used in  investing  activities  consisted  of
capital  improvements and replacements  partially offset by net withdrawals from
restricted escrows  maintained by the mortgage lender.  The Partnership  invests
its working capital in interest bearing accounts.

The sufficiency of existing  liquid assets to meet future  liquidity and capital
expenditure   requirements   is  directly   related  to  the  level  of  capital
expenditures  required at the  properties  to  adequately  maintain the physical
assets and other  operating needs of the Partnership and to comply with Federal,
state and local legal and regulatory requirements. The Managing General Partners
monitors  developments  in the area of legal and  regulatory  compliance  and is
studying  new  federal  laws,  including  the  Sarbanes-Oxley  Act of 2002.  The
Sarbanes-Oxley Act of 2002 mandates or suggests  additional  compliance measures
with regard to governance,  disclosure, audit and other areas. In light of these
changes,  the Partnership  expects that it will incur higher expenses related to
compliance,  including  increased  legal and audit  fees.  Capital  improvements
planned for each of the Partnership's properties are detailed below.

The Landings Apartments

Approximately $62,000 has been budgeted for 2002 for capital improvements at The
Landings Apartments consisting primarily of floor covering replacements, heating
and air conditioning  replacements and structural improvements.  During the nine
months  ended  September  30,  2002,  the  Partnership  completed  approximately
$453,000 of budgeted and unbudgeted capital improvements and casualty repairs at
The Landings  Apartments,  consisting  primarily of floor covering  replacement,
water  heater  replacements,   structural  improvements,   interior  decoration,
cabinets,  office computers, and plumbing improvements.  These improvements were
funded  from  operating  cash  flow.  Additional  capital  improvements  may  be
considered and will depend on the physical  condition of the property as well as
the anticipated cash flow generated by the property and replacement reserves.

Shadow Oaks Apartments

Approximately  $133,000 has been budgeted for 2002 for capital  improvements  at
Shadow Oaks  Apartments  consisting  primarily of floor  covering  replacements,
appliances,  sprinkler  system,  water heaters,  light fixtures,  and structural
improvements.  During the nine months ended  September 30, 2002, the Partnership
completed approximately $143,000 of budgeted and unbudgeted capital improvements
at Shadow Oaks  Apartments,  consisting  primarily of exterior  painting,  major
landscaping,  electrical  upgrades,  light fixtures,  and floor covering and air
conditioning unit  replacements.  These  improvements were funded from operating
cash flow and  replacement  reserves.  Additional  capital  improvements  may be
considered and will depend on the physical  condition of the property as well as
the anticipated cash flow generated by the property and replacement reserves.

Raven Hill Apartments

Approximately  $108,000 has been budgeted for 2002 for capital  improvements  at
Raven Hill Apartments consisting primarily of floor covering  replacements,  air
conditioning replacements,  appliances, and fire safety enhancements. During the
nine months ended  September 30, 2002, the Partnership  completed  approximately
$113,000  of  budgeted  and  unbudgeted  capital   improvements  at  Raven  Hill
Apartments,  consisting  primarily of floor  covering  replacement,  appliances,
swimming  pool  upgrades,  electrical  breakers,  and plumbing  fixtures.  These
improvements   were  funded  from  operating  cash  flow.   Additional   capital
improvements may be considered and will depend on the physical  condition of the
property as well as the  anticipated  cash flow  generated  by the  property and
replacement reserves.

Fairlane East Apartments

Approximately  $150,000 has been budgeted for 2002 for capital  improvements  at
Fairlane East Apartments  consisting  primarily of floor covering  replacements,
appliances,  electrical,  fire safety enhancement,  and structural improvements.
During the nine months ended  September  30,  2002,  the  Partnership  completed
approximately  $159,000 of  budgeted  and  unbudgeted  capital  improvements  at
Fairlane East Apartments,  consisting  primarily of appliance and floor covering
replacements, air conditioning,  drapes and miniblinds, and interior decoration.
These  improvements  were  funded  from  operating  cash  flow  and  replacement
reserves.  Additional capital  improvements may be considered and will depend on
the  physical  condition of the  property as well as the  anticipated  cash flow
generated by the property and replacement reserves.

The additional  capital  expenditures will be incurred only if cash is available
from operations or from Partnership  reserves.  To the extent that such budgeted
capital improvements are completed,  the Partnership's  distributable cash flow,
if any, may be adversely affected at least in the short term.

The  Partnership's  assets  are  currently  thought  to be  sufficient  for  any
near-term needs  (exclusive of capital  improvements)  of the  Partnership.  The
mortgage indebtedness of approximately  $18,995,000 is amortized over 120 months
with required  balloon  payments of  approximately  $18,175,000 due in 2004. The
Managing General Partner will attempt to refinance such indebtedness and/or sell
the  properties  prior  to such  maturity  date.  If the  properties  cannot  be
refinanced or sold for a sufficient amount, the Partnership will risk losing the
properties through foreclosure.

The Partnership  distributed the following  amounts during the nine months ended
September 30, 2002 and 2001 (in thousands, except per unit data):

<TABLE>
<CAPTION>

                    Nine Months      Per Limited       Nine Months       Per Limited
                       Ended         Partnership          Ended          Partnership
                September 30, 2002       Unit       September 30, 2001       Unit

<S>                   <C>               <C>               <C>               <C>
Operations            $1,275            $54.12            $ 360             $15.28
</TABLE>

The  Partnership's  cash  available  for  distribution  is reviewed on a monthly
basis. Future cash distributions will depend on the levels of net cash generated
from  operations,  the  availability  of cash  reserves,  and the timing of debt
maturities,  refinancings  and/or  property  sales.  There can be no  assurance,
however,  that the Partnership  will generate  sufficient  funds from operations
after  required  capital  improvements  to permit further  distributions  to its
partners during the remainder of 2002 or subsequent periods.

Other

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO  and its  affiliates  owned  13,597  Assignee  Units  in the
Partnership  representing 57.71% of the outstanding units at September 30, 2002.
It is possible that AIMCO or its  affiliates  will acquire  additional  Assignee
Units in the Partnership in exchange for cash or a combination of cash and units
in the operating partnership of AIMCO either through private purchases or tender
offers.  In  this  regard,  on  September  27,  2002 a  tender  offer  by  AIMCO
Properties, L.P., to acquire any and all of the Units not owned by affiliates of
AIMCO for a purchase price of $692.00 per Unit expired.  Pursuant to this offer,
AIMCO acquired 385 Units during the quarter ended September 30, 2002.  Under the
terms of ORP's Partnership Agreement, limited partners holding a majority of the
Assignee Units are entitled to take action with respect to a variety of matters,
which would  include  without  limitation,  voting on certain  amendments to the
Partnership  Agreement and voting to remove the Managing General  Partner.  As a
result of its ownership of 57.71% of the outstanding Assignee Units, AIMCO is in
a position to control all such voting decisions with respect to the Partnership.
Although  the Managing  General  Partner  owes  fiduciary  duties to the limited
partners of the  Partnership,  the Managing  General Partner also owes fiduciary
duties to AIMCO as its sole stockholder. As a result, the duties of the Managing
General Partner, as managing general partner, to the Partnership and its limited
partners may come into conflict with the duties of the Managing  General Partner
to AIMCO, as its sole stockholder.

Critical Accounting Policies and Estimates

The consolidated financial statements are prepared in accordance with accounting
principles generally accepted in the United States which require the Partnership
to  make  estimates  and  assumptions.  The  Partnership  believes  that  of its
significant  accounting  policies,  the following may involve a higher degree of
judgment and complexity.

Impairment of Long-Lived Assets

Investment  properties  are  recorded at cost,  less  accumulated  depreciation,
unless  considered  impaired.  If  events  or  circumstances  indicate  that the
carrying  amount of a property may be  impaired,  the  Partnership  will make an
assessment of its  recoverability  by estimating  the  undiscounted  future cash
flows,  excluding  interest  charges,  of the property.  If the carrying  amount
exceeds the aggregate  future cash flows,  the  Partnership  would  recognize an
impairment  loss to the extent the carrying amount exceeds the fair value of the
property.

Real  property  investments  are  subject  to varying  degrees of risk.  Several
factors  may  adversely  affect  the  economic  performance  and  value  of  the
Partnership's  investment  properties.  These  factors  include  changes  in the
national,  regional and local economic  climate;  local  conditions,  such as an
oversupply  of  multifamily   properties;   competition   from  other  available
multifamily  property  owners and changes in market  rental  rates.  Any adverse
changes in these factors could cause an impairment in the Partnership's assets.

Revenue Recognition

The Partnership generally leases apartment units for twelve-month terms or less.
Rental income  attributable to leases is recognized monthly as it is earned. The
Partnership will offer rental concessions during  particularly slow months or in
response  to  heavy  competition  from  other  similar  complexes  in the  area.
Concessions are charged to income as incurred.

ITEM 3.     CONTROLS AND PROCEDURES

The principal  executive officer and principal financial officer of the Managing
General Partner, who are the equivalent of the Partnership's principal executive
officer and principal financial officer,  respectively,  have, within 90 days of
the filing date of this  quarterly report, evaluated  the  effectiveness  of the
Partnership's  disclosure  controls and  procedures  (as defined in Exchange Act
Rules  (13a-14(c)  and  (15d-14(c))  and have  determined  that such  disclosure
controls and procedures are adequate.  There have been no significant changes in
the Partnership's internal controls or in other factors that could significantly
affect the  Partnership's  internal  controls since the date of evaluation.  The
Partnership does not believe any significant  deficiencies or material  weakness
exist in the Partnership's internal controls. Accordingly, no corrective actions
have been taken.




<PAGE>


                           PART II - OTHER INFORMATION



ITEM 3.     EXHIBITS AND REPORTS ON FORM 8-K

            a)    Exhibits:

                  Exhibit 3.1, Amended and Restated Agreement and Certificate of
                  Limited Partnership (incorporated by reference to Exhibit A of
                  the Prospectus of the Partnership, dated May 24, 1985).

                  Exhibit 99, Certification of Chief Executive Officer and Chief
                  Financial Officer.

            b)    Reports on Form 8-K filed during the quarter  ended  September
                  30, 2002:

                  None.




<PAGE>




                                   SIGNATURES



In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.



                             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP


                              By:   Oxford Residential Properties I Corporation
                                    Managing General Partner


                              By:   /s/Patrick J. Foye
                                    Patrick J. Foye
                                    Executive Vice President


                              By:   /s/Thomas C. Novosel
                                    Thomas C. Novosel
                                    Senior Vice President
                                    and Chief Accounting Officer


                              Date: November 13, 2002



<PAGE>



                                  CERTIFICATION


I, Patrick J. Foye, certify that:


1. I have reviewed this  quarterly  report on Form 10-QSB of Oxford  Residential
Properties I;


2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;


3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;


4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:


      a)  Designed  such  disclosure  controls  and  procedures  to ensure  that
      material   information   relating  to  the   registrant,   including   its
      consolidated  subsidiaries,  is made  known to us by others  within  those
      entities, particularly during the period in which this quarterly report is
      being prepared;


      b) Evaluated the effectiveness of the registrant's disclosure controls and
      procedures  as of a date  within 90 days prior to the filing  date of this
      quarterly report (the "Evaluation Date"); and


      c)  Presented  in  this  quarterly   report  our  conclusions   about  the
      effectiveness  of the  disclosure  controls  and  procedures  based on our
      evaluation as of the Evaluation Date;


5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):


      a) All  significant  deficiencies  in the design or  operation of internal
      controls which could adversely affect the registrant's  ability to record,
      process,  summarize and report  financial data and have identified for the
      registrant's auditors any material weaknesses in internal controls; and


      b) Any fraud,  whether or not material,  that involves management or other
      employees  who  have  a  significant  role  in the  registrant's  internal
      controls; and


6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date:  November 13, 2002

                                    _______________________
                                    Patrick J. Foye
                                    Executive    Vice    President   of   Oxford
                                    Residential    Properties   I   Corporation,
                                    equivalent of the chief executive officer of
                                    the Partnership


<PAGE>



                                  CERTIFICATION


I, Paul J. McAuliffe, certify that:


1. I have reviewed this  quarterly  report on Form 10-QSB of Oxford  Residential
Properties I;


2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;


3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;


4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:


      a)  Designed  such  disclosure  controls  and  procedures  to ensure  that
      material   information   relating  to  the   registrant,   including   its
      consolidated  subsidiaries,  is made  known to us by others  within  those
      entities, particularly during the period in which this quarterly report is
      being prepared;


      b) Evaluated the effectiveness of the registrant's disclosure controls and
      procedures  as of a date  within 90 days prior to the filing  date of this
      quarterly report (the "Evaluation Date"); and


      c)  Presented  in  this  quarterly   report  our  conclusions   about  the
      effectiveness  of the  disclosure  controls  and  procedures  based on our
      evaluation as of the Evaluation Date;


5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):


      a) All  significant  deficiencies  in the design or  operation of internal
      controls which could adversely affect the registrant's  ability to record,
      process,  summarize and report  financial data and have identified for the
      registrant's auditors any material weaknesses in internal controls; and


      b) Any fraud,  whether or not material,  that involves management or other
      employees  who  have  a  significant  role  in the  registrant's  internal
      controls; and


6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date:  November 13, 2002

                                    _______________________
                                    Paul J. McAuliffe
                                    Executive Vice President and Chief Financial
                                    Officer of Oxford  Residential  Properties I
                                    Corporation,   equivalent   of   the   chief
                                    financial officer of the Partnership



<PAGE>


Exhibit 99


                          Certification of CEO and CFO
                       Pursuant to 18 U.S.C. Section 1350,
                             As Adopted Pursuant to
                  Section 906 of the Sarbanes-Oxley Act of 2002



In  connection  with the Quarterly  Report on Form 10-QSB of Oxford  Residential
Properties I Limited Partnership (the  "Partnership"),  for the quarterly period
ended September 30, 2002 as filed with the Securities and Exchange Commission on
the date hereof (the "Report"),  Patrick J. Foye, as the equivalent of the chief
executive officer of the Partnership,  and Paul J. McAuliffe,  as the equivalent
of the chief  financial  officer  of the  Partnership,  each  hereby  certifies,
pursuant to 18 U.S.C.  Section 1350,  as adopted  pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

      (1)   The Report fully complies with the  requirements of Section 13(a) or
            15(d) of the Securities Exchange Act of 1934; and

      (2)   The  information  contained in the Report  fairly  presents,  in all
            material respects, the financial condition and results of operations
            of the Partnership.


                                    /s/  Patrick J. Foye
                                    Name:  Patrick J. Foye
                                    Date: November 13, 2002


                                    /s/  Paul J. McAuliffe
                                    Name:  Paul J. McAuliffe
                                    Date: November 13, 2002


This  certification  accompanies  the  Report  pursuant  to  Section  906 of the
Sarbanes-Oxley  Act of 2002 and shall not,  except to the extent required by the
Sarbanes-Oxley  Act of 2002, be deemed filed by the  Partnership for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.