==============================================================

                          UNITED STATES

               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                            FORM 10-Q

(Mark One)

  X        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
_______    THE SECURITIES EXCHANGE ACT OF 1934

           For the quarterly period ended June 30, 2000

                               OR

           TRANSITION REPORT PURSUANT TO 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 registrant as specified in its charter)

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


  7200 Wisconsin Avenue, 11th floor,  Bethesda, Maryland 20814
-----------------------------------------------------------------
      (Address of principal executive offices)  (Zip Code)

Registrant's telephone number, including area code:  301-654-3100

Securities Registered Pursuant to Section 12(b) of the Act:  NONE

   Securities Registered Pursuant to Section 12(g) of the Act:
                         Assignee Units

Indicate  by check mark whether the registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.
YES  / X/      NO  / / .

There  is  no  public  trading market  for  the  Assignee  Units.
Therefore, the Assignee Units had neither a market selling  price
nor an average bid or asked price within the 60 days prior to the
date of this filing.

Index to Exhibits is on page 3.
=================================================================

<PAGE 2>

       OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                            FORM 10-Q

                 PART I - FINANCIAL INFORMATION

Item 1.    Financial Statements.
    The  financial statements of the Partnership, and  the  notes
thereto,  are  incorporated herein by reference  to  sequentially
numbered  pages 12 through 17 included in ORP's Quarterly  Report
(Unaudited).

Item 2.
Management's Discussion and Analysis of Financial Condition and
Results of Operations.
   A  discussion  of  ORP's financial condition  and  results  of
operations  for  the six-month period ended  June  30,  2000,  is
incorporated herein by reference to sequentially numbered pages 6
through  10  entitled "Report of Management"  included  in  ORP's
Quarterly Report (Unaudited).

                   PART II - OTHER INFORMATION

Item 1. Legal Proceedings.
    The  Registrant  is engaged from time to time  in  litigation
incident  to  its business; however, there are no  pending  legal
proceedings whose potential effects are considered to be material
by the Managing General Partner.

Item 2. Changes in Securities.
  None.

Item 3.   Defaults Upon Senior Securities.
  None.

Item 4.   Submission of Matters to a Vote of Security Holders.
   None.

Item 5.   Other Information.
   None.

Item 6.    Exhibits and Reports on Form 8-K.
   (a) Exhibits.

  For a list of Exhibits as required by Item 601 of Regulation S-
K, see Exhibit Index on page 3 of this report.

   (b) Reports on Form 8-K

      A  report  on  Form  8-K was filed with  the  Securities  &
      Exchange  Commission  on  July 13, 2000  regarding  certain
      contractual arrangements that could result in a  change  in
      control of the Registrant.



   No other items were applicable.

<PAGE 3>

       OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                            FORM 10-Q

                          EXHIBIT INDEX

(Listed according to the number assigned in the Exhibit Table in
Item 601 of Regulation S-K.)

(11) Statement regarding computation of per share earnings.

     The information to compute earnings per share is provided in
     the  financial  statements and notes thereto of  the  Oxford
     Residential  Properties  I Limited  Partnership's  Quarterly
     Report  (Unaudited)  to Assignee Unit Holders,  attached  as
     Exhibit 20 (sequentially numbered pages 12 through 17).

(20) Report furnished to security holders.

     Oxford  Residential   Properties  I  Limited   Partnership's
     Quarterly Report (Unaudited) dated June 30, 2000, follows on
     sequentially numbered pages 5 through 18 of this report.

(27) Financial Data Schedule.

<PAGE 4>

       OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                            FORM 10-Q

                           SIGNATURES

    Pursuant  to the requirements of Section 13 or 15(d)  of  the
Securities  Exchange Act of 1934, the registrant has duly  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 of the registrant


Date: 8/14/00 By:  /s/ Richard R. Singleton
      -------     -----------------------------------------------
                  Richard R. Singleton
                  Senior Vice President and
                  Chief Financial Officer


   Pursuant to the requirements of the Securities Exchange Act of
1934,  this report has been signed below by the following persons
on  behalf  of the registrant and in the capacities  and  on  the
dates indicated.


Date: 8/14/00 By: /s/ Leo E. Zickler
      -------     -----------------------------------------------
                  Leo E. Zickler
                  Chairman of the Board of Directors and
                  Chief Executive Officer



Date: 8/14/00 By: /s/ Francis P. Lavin
      -------     -----------------------------------------------
                  Francis P. Lavin
                  President


















<PAGE 5>

       OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                        Quarterly Report
                           (Unaudited)

                          June 30, 2000





















       CONTENTS

       Report of Management
       Average Occupancy
       Summary of Project Data
       Consolidated Balance Sheets
       Consolidated Statements of Operations
       Consolidated Statement of Partners' Capital
       Consolidated Statements of Cash Flows
       Notes to Consolidated Financial Statements
       Instructions for Investors who wish to reregister or
         transfer ORP Assignee Units

<PAGE 6>

-----------------------------------------------------------------
Report to Management
-----------------------------------------------------------------

   The following report provides additional information about the
consolidated financial condition of Oxford Residential Properties
I Limited Partnership ("ORP" or the "Partnership") as of June 30,
2000,  and its consolidated results of operations for the  three-
and six-month periods ended June 30, 2000, and its cash flows for
the  six-month  period  ended June 30,  2000.   This  report  and
analysis  should be read together with the consolidated financial
statements   and   related  notes  thereto   and   the   selected
consolidated financial data appearing elsewhere in this Quarterly
Report.

Recent Developments
    On behalf of the Partnership, Oxford Residential Properties I
Corporation  ("Managing General Partner"), will  consider  offers
made  by  Assignee  Unitholders who wish to sell  their  Assignee
Units  at  such  prices  as may be set by  the  Managing  General
Partner from time to time.  The prices that will be paid will  be
established  by reference to prevailing secondary market  prices,
however,  it  will  be determined solely by the Managing  General
Partner.  This is neither an offer to purchase nor a solicitation
of  an  offer  to sell by the Partnership.  Since July  1995  and
through June 30, 2000, ORP has purchased, in the aggregate, 2,156
Assignee Units for approximately $868,000.

Liquidity and Capital Resources
   Current  Position.  At June 30, 2000, ORP held  $1,723,000  in
cash  and  cash  equivalents  and the  working  capital  reserve,
compared  to  $1,344,000 at December 31,  1999,  representing  an
increase  of  approximately 28%.  The  increase  of  $379,000  is
primarily  attributable to the properties' net operating  incomes
after  debt  service,  refurbishment  expenses,  and  capitalized
improvements   offset  by  the  sum  of   the   following:    (i)
distributions made on February 28, 2000 to Partners of record  as
of  December 31, 1999 totaling approximately $355,000,  (ii)  the
purchase  of  Assignee Units totaling approximately $60,000,  and
(iii)  the payment of Partnership administrative expenses  during
the six-month period ended June 30, 2000 totaling $86,000.

   Other  Assets  shown on the accompanying consolidated  Balance
Sheet increased by $119,000 to $1,128,000 at June 30, 2000,  from
$1,009,000 at December 31, 1999.  The increase in Other Assets is
primarily a result of an increase in prepaid contracts,  property
insurance, and the property tax escrow subaccounts.  Other Assets
include  primarily  a  Liquidity  Reserve  Subaccount  (for  debt
service),   a  Recurring  Replacement  Reserve  Subaccount   (for
property  improvements),  a  Property  Insurance  Escrow,  and  a
Property  Tax  Escrow  for  each of  the  Operating  Partnerships
totaling   approximately  $961,000  at  June  30,  2000.    These
Subaccounts  are funded and maintained monthly, as  needed,  from
property  income  (except security deposits), in accordance  with
the  requirements pursuant to each property's loan agreement  and
based  on  expenditures  anticipated  in  the  following  months.
Accounts  Receivable  and Prepaid Expenses totaling  $50,000  and
$117,000  at  June 30, 2000, respectively, are also  included  in
Other Assets.

    Unamortized  deferred  costs  relating  to  organization  and
refinancing costs (discussed in prior reports) at June  30,  2000
were  $227,000 compared to $260,000 at December 31, 1999.   These
costs are being amortized over the term of the mortgages.

  Accounts payable and accrued expenses shown on the consolidated
Balance Sheet decreased by $27,000 to $353,000 at June 30,  2000,
from $380,000 at December 31, 1999, primarily due to decreases in
the  amount of property taxes accrued at the end of the six-month
period.

   Property Operations.  ORP's future liquidity and level of cash
distributions are dependent upon the net operating  income  after
debt    service,   refurbishment   expenses,   and    capitalized
improvements  generated by ORP's four investment  properties  and
proceeds  from  any sale or refinancing of those properties.   To
the  extent  any individual property does not generate sufficient
cash  to  cover  its  operating needs,  including  debt  service,
deficits  would  be  funded  by cash  generated  from  the  other
investment properties, if any, working capital reserves, if  any,
or  borrowings  by ORP.  Property improvements in  the  aggregate
amount  of $270,000 were made for the six months ended  June  30,
2000,  compared to $530,000 for the same period in 1999.  Of  the
$270,000  of property improvements, $202,000 was capitalized  for
financial  statement purposes for the six months ended  June  30,
2000,   compared  to  $359,000  of  the  $530,000   of   property
improvements for the same period in 1999.

<PAGE 7>
-----------------------------------------------------------------
Report to Management
-----------------------------------------------------------------
  Other Sources.  Since 1994, 40% of the property management fees
owed to NHP Management Company ("NHP") have been subordinated  to
the receipt by the Assignee Unit Holders of certain returns.   As
of  June  30,  2000  and  December 31,  1999,  deferred  property
management  fees  to  NHP  amounted  to  $952,000  and  $871,000,
respectively.

Results of Operations
    The  net operating income, before debt service, refurbishment
expenses, and capitalized property improvements, from each of the
four  investment properties for the quarter ended June 30,  2000,
as compared to the quarter ended June 30, 1999, is as follows:

<TABLE>
------------------------------------------------------------------------
<CAPTION>
                                 (in thousands)          (in thousands)
                               Three months ended       Six months ended
                                    June 30,                June 30,
                               ------------------       ----------------
Property                         2000       1999          2000      1999
------------------------------------------------------------------------
<S>                            <C>        <C>           <C>       <C>
Fairlane East, Dearborn, MI    $  440     $  497        $  905    $  943
The Landings, Indianapolis, IN    137        112           264       247
Raven Hill, Burnsville, MN        402        373           778       720
Shadow Oaks, Tampa, FL            140        144           279       283
------------------------------------------------------------------------
 Total Net Operating Income    $1,119     $1,126        $2,226    $2,193
========================================================================
</TABLE>

                  Three months ended June 30, 2000
              versus three months ended June 30, 1999

    In  the  aggregate,  the net operating  income,  before  debt
service,   refurbishment  expenses,  and   capitalized   property
improvements,  reported  by ORP for the quarter  ended  June  30,
2000,  decreased  by less than 1% compared to the  quarter  ended
June 30, 1999.  Set forth below is a discussion of the properties
which  compares  their respective operations for the  three-month
periods ended June 30, 2000 and 1999.

Fairlane East
    Fairlane  East's net operating income for the  quarter  ended
June 30, 2000 decreased by 11.5% from the same period in 1999 due
to  a  2.5%  increase in revenues offset by a 29.4%  increase  in
apartment   expenses.  The  increase  in  revenues  is  primarily
attributable  to  increased rental income caused  by  lower  than
budgeted  vacancy and concession rates.  The property's apartment
expense increase is primarily attributable to an increase in  the
amount of property taxes accrued in the second quarter of 2000 as
compared to property taxes for the first six months of 1999 which
were  under accrued and were later accrued in the second half  of
1999.   For the three-month periods ended June 30, 2000 and 1999,
average  occupancy was 97%.  During the three-month period  ended
June  30,  2000,  the  Partnership expended $60,000  on  property
improvements,   including  $41,000  capitalized  for   accounting
purposes.

The Landings
    The Landings' net operating income for the quarter ended June
30, 2000 increased by 22.3% from the same period in 1999 due to a
1.2%  increase  in  revenues and a 12.8%  decrease  in  apartment
expenses.  The increase in revenues is primarily attributable  to
increased  rental  income  and other  income.   The  decrease  in
apartment expenses is primarily attributable to reduced  property
taxes.  For the three-month periods ended June 30, 2000 and  1999
average  occupancy was 96%.  During the three-month period  ended
June  30,  2000,  the  Partnership expended $19,000  on  property
improvements,   including  $13,000  capitalized  for   accounting
purposes.

Raven Hill
    Raven Hill's net operating income for the quarter ended  June
30, 2000 increased by approximately 7.8% from the same period  in
1999  due  to a 3.4% increase in revenues and a 1.2% decrease  in
apartment  expenses.   The  increase  in  revenues  is  primarily
attributable  to an increase in rental income.  The  decrease  in
apartment  expenses is primarily attributable to  a  decrease  in
operating  expenses.  For the three-month period ended  June  30,
2000, average occupancy increased to 99% compared to 98% for  the
same  period in 1999.  During the three-month period  ended  June
30,   2000,   the  Partnership  expended  $54,000   on   property
improvements,   including  $42,000  capitalized  for   accounting
purposes.

<PAGE 8>

-----------------------------------------------------------------
Report to Management
-----------------------------------------------------------------

Shadow Oaks
    Shadow Oaks' net operating income for the quarter ended  June
30, 2000 decreased by 2.8% from the same period in 1999 due to  a
2.1%  increase in revenues offset by a 7.2% increase in apartment
expenses.  The increase in revenues was primarily attributable to
an increase in rental income.  The increase in apartment expenses
is  primarily  due  to  increases in  maintenance  and  operating
expenses.   For  the  three-month periods  ended  June  30,  2000
average  occupancy increased to 95% compared to 94% for the  same
period  in  1999.  During the three-month period ended  June  30,
2000,  the Partnership expended $34,000 on property improvements,
including $29,000 capitalized for accounting purposes.

                 Six months ended June 30, 2000
             versus six months ended June 30, 1999

    In  the  aggregate,  the net operating  income,  before  debt
service,   refurbishment  expenses,  and   capitalized   property
improvements, reported by ORP for the six-month period ended June
30,  2000,  increased by $33,000, or 1.5% compared  to  the  same
period  ended June 30, 1999.  Set forth below is a discussion  of
the properties which compares their respective operations for the
six-month periods ended June 30, 2000 and 1999.

Fairlane East
    Fairlane East's net operating income for the six months ended
June 30, 2000 decreased by 4.0% from the same period in 1999  due
to  a  1.3%  increase in revenues offset by a 10.6%  increase  in
apartment  expenses.   The  increase in  revenues  was  primarily
attributable  to  the property's increased  rental  income.   The
property's  apartment expense increase is primarily  attributable
to  an  increase  in  property taxes.  For the six-month  periods
ended  June 30, 2000 average occupancy decreased to 95%  compared
to  97%  for the same period in 1999.  The weighted average  rent
collected for the month ended June 30, 2000 increased by 3.9%  to
$1,054,  compared to $1,014 for the same period in 1999.   During
the  six-month  period  ended  June  30,  2000,  the  Partnership
expended  $90,000  on  property improvements,  including  $58,000
capitalized  for  accounting  purposes.   The  Managing   General
Partner  anticipates slightly higher spending levels on  property
improvements in 2000, as compared to the year ended December  31,
1999, to improve its competitive position.

The Landings

    The  Landings' net operating income for the six-months  ended
June 30, 2000 increased by 6.9% from the same period in 1999  due
to  a  3.0%  decrease in revenues offset by a 10.9%  decrease  in
apartment  expenses.   The decrease in  revenues  was  due  to  a
decrease in other income.  The decrease in apartment expenses was
primarily attributable to reduced property taxes.  For  the  six-
month periods ended June 30, 2000 average occupancy decreased  to
91%  compared to  94% for the same period in 1999.  The  weighted
average  rent  collected  for  the  month  ended  June  30,  2000
increased  by 1.4% to $635, compared to $626 for the same  period
in  1999.   During the six-month period ended June 30, 2000,  the
Partnership expended $31,000 on property improvements,  including
$23,000   capitalized  for  accounting  purposes.   The  Managing
General  Partner  anticipates slightly lower spending  levels  on
property  improvements in 2000, as compared  to  the  year  ended
December 31, 1999.

Raven Hill
    Raven  Hill's net operating income for the six  months  ended
June  30,  2000  increased by approximately 8.1%  from  the  same
period  in  1999 due to a 5.0% increase in revenues offset  by  a
1.8% increase in apartment expenses.  The increase in revenues is
primarily  a result of increased rental income.  The increase  in
apartment  expenses is primarily attributable to an  increase  in
operating and administrative expenses.  Average occupancy for the
six  months  ended June 30, 2000  and 1999 average occupancy  was
98%.   The  weighted average rent collected for the  month  ended
June 30, 2000 increased by 5.0% to $782, compared to $746 for the
same period in 1999.  During the six-month period ended June  30,
2000,  the Partnership expended $80,000 for property improvements
of  which  $64,000 was capitalized for accounting  purposes.  The
Managing  General  Partner anticipates slightly  higher  spending
levels on property improvements in 2000, as compared to the  year
ended December 31, 1999.

<PAGE 9>
-----------------------------------------------------------------
Report to Management
-----------------------------------------------------------------

Shadow Oaks
    Shadow Oaks' net operating income for the quarter ended  June
30, 2000 decreased by 1.4% from the same period in 1999 due to  a
2.4%  increase in revenues offset by a 5.7% increase in apartment
expenses.   The  increase in revenues is primarily  a  result  of
increased  rental income.  The increase in apartment expenses  is
primarily  attributable to increases in administrative  expenses.
Average occupancy for the six months ended June 30, 2000 and 1999
average  occupancy was 95%.  The weighted average rent  collected
for the month ended June 30, 2000 increased by approximately 5.5%
to  $518,  compared to $491 for the same period in 1999.   During
the  six-month  period  ended  June  30,  2000,  the  Partnership
expended  $68,000  on  property improvements,  including  $57,000
capitalized for accounting purposes. The Managing General Partner
anticipates   slightly   lower  spending   levels   on   property
improvements in 2000, as compared to the year ended December  31,
1999.

Consolidated Statements of Operations-Other Income and Deductions

   For the six-month period ended June 30, 2000, ORP's net income
increased  by  approximately 27.5% compared  to  the  prior  year
comparative period due to a 2.2% increase in revenues offset by a
1.2%  decrease in total expenses.  Interest income from operating
funds for the six-month periods ended June 30, 2000 and 1999  was
$45,000 and $51,000, respectively.  Other income was $142,000 and
$168,000, respectively, for the six-month periods ended June  30,
2000  and  1999.  The decrease was primarily due to decreases  in
interest  income  from  the Replacement Reserve  Escrow  accounts
maintained for each of the properties in the portfolio.

   ORP's administrative expenses for the six-month periods  ended
June 30, 2000 and 1999 were $86,000 and $89,000, respectively.

   The  terms of the mortgage loans require the borrowers to make
equal  installment  payments over the term of  the  loans.   Each
payment  consists of interest on the unpaid balance of the  loans
and  a  reduction of loan principal.  The interest paid on  these
loans  decreases each period, while the portion  applied  to  the
loan  principal  increases each period.  As  a  result,  interest
expense  was  $834,000 and $851,000, respectively, and  principal
paid  was  $222,000 and $204,000 for the six-month periods  ended
June 30, 2000 and 1999, respectively.

   Depreciation expense for the six-month periods ended June  30,
2000  and  1999  was  $647,000 and $627,000,  respectively.   The
increase  in  depreciation expense is  due  to  the  increase  in
property improvements capitalized for accounting purposes for the
six  months  ended June 30, 2000 compared to the same  period  in
1999.  Amortization expense for the six-month periods ended  June
30, 2000 and 1999 was $33,000.

   For the six-month periods ended June 30, 2000 and 1999, of the
total  property improvements in the aggregate amounts of $270,000
and  $530,000,  respectively, $68,000 and $171,000, respectively,
were classified as refurbishment expenses for financial statement
purposes.   The  remaining  balances of  $202,000  and  $359,000,
respectively, were capitalized for financial statement purposes.














<PAGE 10>

THIS   REPORT   CONTAINS  STATEMENTS  THAT  ARE   FORWARD-LOOKING
STATEMENTS   WITHIN   THE  MEANING  OF  THE  PRIVATE   SECURITIES
LITIGATION  REFORM  ACT OF 1995, SECTION 21E  OF  THE  SECURITIES
EXCHANGE  ACT  OF  1934,  AS AMENDED,  AND  SECTION  27A  OF  THE
SECURITIES  ACT OF 1933, AS AMENDED, AND IS SUBJECT TO  THE  SAFE
HARBORS   CREATED   BY  THOSE  SECTIONS.   THESE  FORWARD-LOOKING
STATEMENTS  REFLECT MANAGEMENT'S CURRENT VIEWS  WITH  RESPECT  TO
FUTURE  EVENTS  AND  FINANCIAL PERFORMANCE.  ACTUAL  RESULTS  MAY
DIFFER  MATERIALLY  FROM THOSE DESCRIBED IN  THE  FORWARD-LOOKING
STATEMENTS,  AND  WILL  BE AFFECTED BY A  VARIETY  OF  RISKS  AND
FACTORS.  THESE STATEMENTS ARE SUBJECT TO MANY UNCERTAINTIES  AND
RISKS,  AND  SHOULD  NOT  BE CONSIDERED GUARANTEES  OF  FINANCIAL
PERFORMANCE.   READERS  SHOULD REVIEW CAREFULLY  ORP's  FINANCIAL
STATEMENTS  AND  THE  NOTES THERETO,  AS  WELL  AS  RISK  FACTORS
DESCRIBED  IN  THE SEC FILINGS.  ORP DISCLAIMS ANY OBLIGATION  TO
PUBLICLY  RELEASE THE RESULTS OF ANY REVISIONS TO THESE  FORWARD-
LOOKING  STATEMENTS  WHICH  MAY BE  MADE  TO  REFLECT  EVENTS  OR
CIRCUMSTANCES OCCURRING SUBSEQUENT TO THE FILING OF THE FORM 10 Q
WITH THE SEC OR OTHERWISE TO REVISE OR UPDATE ANY ORAL OR WRITTEN
FORWARD-LOOKING STATEMENT THAT MAY BE MADE FROM TIME TO  TIME  BY
OR ON BEHALF OF ORP.

<PAGE 11>

<TABLE>
----------------------------------------------------------------------------
Average Occupancy
----------------------------------------------------------------------------

The average occupancy for each of the four investment properties is shown in
the following chart:
                                                      For the Quarter Ended
Property/             Acquisition   -----------------------------------------------------------
Location                 Date       3/31/99    6/30/99  9/30/99    12/31/99   3/31/00   6/30/00
-----------------------------------------------------------------------------------------------
<S>                    <C>            <C>        <C>      <C>         <C>        <C>      <C>
Fairlane East          12/23/85       96%        97%      98%         94%        92%      97%
Dearborn, Michigan
The Landings           10/31/84       93%        96%      93%         88%        87%      96%
Indianapolis, Indiana
Raven Hill             12/24/86       97%        98%      98%         98%        98%      99%
Burnsville, Minnesota
Shadow Oaks             2/07/85       95%        94%      95%         92%        94%      95%
Tampa, Florida
----------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
---------------------------------------------------------------------------------------------------------------------------
Summary of Project Data (in thousands)
---------------------------------------------------------------------------------------------------------------------------
                                                2000 Operating Results through 6/30/00 (in thousands)
---------------------------------------------------------------------------------------------------------------------------
                                                                               NOI
                             Average Rent Collected<F1>                   Before Property                      NOI
Property/           No. of       June      June        Apartment Apartment Improvements      Property         Before
Location             Units       2000      1999        Revenues  Expenses   & Debt Service  Improvements  Debt Service <F3>
---------------------------------------------------------------------------------------------------------------------------
<S>                   <C>      <C>        <C>            <C>       <C>        <C>               <C>           <C>
Fairlane East         244      $1,071     $1,017         $1,506    $  601     $  905            $  90         $  815
Dearborn, Michigan
The Landings          150         650        629            538       274        264               32            232
Indianapolis, Indiana
Raven Hill            304         791        753          1,466       688        778               80            698
Burnsville, Minnesota
Shadow Oaks           200         527        486            614       335        279               68            211
Tampa, Florida
--------------------------------------------------------------------------------------------------------------------------
     Total            898                                $4,124    $1,898     $2,226            $ 270         $1,956
--------------------------------------------------------------------------------------------------------------------------
<FN>
<F1> Represents net rental revenue collected for the month divided by the average
     number of units occupied during the month.
<F2> Represents  total  property  improvement  costs,  including  capitalized  costs
     totaling $202,000 incurred during the six month period ended June 30, 2000.
<F3> The total NOI after debt service of $1,956,000 is $293,000 (17.6%) greater
     than the comparable total for the six month period ending June 30, 1999.
</FN>
</TABLE>

<PAGE 12>

<TABLE>
--------------------------------------------------------------------
Oxford Residential Properties I Limited Partnership and Subsidiaries
--------------------------------------------------------------------
Consolidated Balance Sheets (in thousands)
<CAPTION>
                                   June 30, 2000   December 31, 1999
                                    (Unaudited)
--------------------------------------------------------------------
<S>                                     <C>             <C>
Assets
Investment properties, at cost
 Land                                   $  3,681        $  3,681
 Buildings and improvements, net
   of accumulated depreciation
   of $18,008 and $17,361,
   respectively                           19,419          19,864
--------------------------------------------------------------------
  Total Investment Properties             23,100          23,545
--------------------------------------------------------------------
Cash and cash equivalents                  1,723           1,322
Working capital reserve                        0              22
Tenant security deposits                     200             178
Deferred costs, net of amortization
  of $2,690 and $2,657, respectively         227             260
Other assets                               1,128           1,009
--------------------------------------------------------------------
                                           3,278           2,791
--------------------------------------------------------------------
  Total Assets                           $26,378         $26,336
====================================================================
Liabilities and Partners' Capital
  Liabilities
 Mortgage notes payable                  $20,119         $20,341
 Accounts payable and accrued expenses       353             380
 Distributions payable                       353             355
 Other liabilities                           952             871
 Tenant security deposits                    200             178
--------------------------------------------------------------------
  Total Liabilities                       21,977          22,125
--------------------------------------------------------------------
Partners' Capital
 General Partners                           (999)        (1,011)
 Assignor Limited Partner                      1              1
 Assignee Unit Holders (25,714
   Assignee Units issued and 23,558
   outstanding for June 30, 2000;
   23,667 outstanding for
   December 31, 1999)                      5,399          5,221
--------------------------------------------------------------------
  Total Partners' Capital                  4,401          4,211
--------------------------------------------------------------------
  Total Liabilities and
    Partners' Capital                    $26,378        $26,336
====================================================================

        The accompanying notes are an integral part of these
               consolidated financial statements.

</TABLE>

<PAGE 13>
<TABLE>

Oxford Residential Properties I Limited Partnership and Subsidiaries
-------------------------------------------------------------------------------
Consolidated Statements of Operations (in thousands, except Net
Income per Assignee Unit and Weighted average number of Assignee
Units Outstanding)  (Unaudited)
-------------------------------------------------------------------------------
<CAPTION>
                        Three months ended June 30,   Six months ended June 30,
                        ---------------------------   -------------------------
                             2000        1999              2000       1999
-------------------------------------------------------------------------------
<S>                        <C>         <C>               <C>        <C>
Apartment Revenues
  Rental income            $2,035      $1,950            $3,982     $3,868
  Other income                 76         107               142        168
-------------------------------------------------------------------------------
  Total Apartment Revenues  2,111       2,057             4,124      4,036
-------------------------------------------------------------------------------
Apartment Expenses
  Maintenance                 318         335               591        613
  Operating                   162         145               365        329
  Administrative              146         135               271        255
  Property management fees    104         101               203        198
  Property taxes              229         184               405        386
  Marketing                    33          31                63         62
-------------------------------------------------------------------------------
 Total Apartment Expenses     992         931             1,898      1,843
-------------------------------------------------------------------------------
Net Operating Income        1,119       1,126             2,226      2,193
-------------------------------------------------------------------------------
Other Deductions
  Interest expense            416         424               834        851
  Depreciation and
   amortization               353         345               680        660
  Refurbishment expenses       42         113                68        171
  Interest income             (27)        (32)              (45)       (51)
  Partnership administrative
   expenses                    41          65                86         89
-------------------------------------------------------------------------------
  Total Other Deductions      825         915             1,623      1,720
-------------------------------------------------------------------------------
Net Income                 $  294      $  211            $  603     $  473
===============================================================================
Net Income Allocated to
  Assignee Unit Holders    $  288      $  207            $  591     $  464
===============================================================================
Net Income per
  Assignee Unit            $14.27      $ 8.67            $25.06     $19.36
===============================================================================
Weighted average number of
   Assignee Units
   Outstanding             23,583      23,869            23,611     23,965
===============================================================================

        The accompanying notes are an integral part of these
                 consolidated financial statements.

</TABLE>

<PAGE 14>
<TABLE>

Oxford Residential Properties I Limited Partnership and Subsidiaries
--------------------------------------------------------------------
Consolidated Statement of Partners' Capital (in thousands)
-----------------------------------------------------------------------
<CAPTION>
                                    For the period ended June 30, 2000
                                    ----------------------------------
                                       Limited Partners'
                                          Interests
                                    --------------------
                                    Assignee  Assignor
                                      Unit    Limited  General
                                    Holders   Partner  Partners  Total
-----------------------------------------------------------------------
<S>                                 <C>         <C>   <C>       <C>
Balance, December 31, 1999          $5,221      $1    $(1,011)  $4,211
-----------------------------------------------------------------------
Net income, June 30, 2000              591       0         12      603

Distribution to Assignee Unit Holders (353)      0          0     (353)

Purchase of Assignee Units             (60)      0          0      (60)

-----------------------------------------------------------------------
Balance, June 30, 2000
  (Unaudited)                       $5,399      $1      $(999)  $4,401
=======================================================================

             The accompanying notes are an integral part of these
                       consolidated financial statements.

</TABLE>


<PAGE 15>
<TABLE>

Oxford Residential Properties I Limited Partnership and Subsidiaries
--------------------------------------------------------------------
Consolidated Statements of Cash Flows (in thousands)
(Unaudited)
--------------------------------------------------------------------
<CAPTION>
                                          Six months ended June 30,
                                        ----------------------------
                                             2000           1999
--------------------------------------------------------------------
 <S>                                     <C>             <C>
Operating activities
 Net income                              $    603        $   473
 Adjustments to reconcile net income
   to net cash provided by operating
   activities:
     Depreciation and amortization            680            660
 Changes in assets and liabilities:
   Tenant security deposits liability          22              5
   Tenant security deposits                   (22)            (5)
   Other assets                              (119)          (122)
   Accounts payable and accrued expenses      (27)            98
   Other liabilities                           81             80
--------------------------------------------------------------------
Net cash provided by operating activities   1,218          1,189
--------------------------------------------------------------------
Investing activities
 Working capital reserve                       22           (258)
 Additions to investment properties          (202)          (359)
--------------------------------------------------------------------
Net cash (used in) provided by investing
  activities                                 (180)          (617)
--------------------------------------------------------------------
Financing activities
 Distributions paid                          (355)          (361)
 Mortgage principal paid                     (222)          (204)
 Purchase of Assignee Units                   (60)          (147)
--------------------------------------------------------------------
Net cash used in financing activities        (637)          (712)
--------------------------------------------------------------------
Net increase (decrease) in cash and
  cash equivalents                            401           (140)
Cash and cash equivalents, beginning
  of period                                 1,322          1,288
--------------------------------------------------------------------
Cash and cash equivalents, end
  of period                               $ 1,723        $ 1,148
====================================================================
       The accompanying notes are an integral part of these
              consolidated financial statements.

</TABLE>

<PAGE 16>
-----------------------------------------------------------------
Notes to Consolidated Financial Statements
-----------------------------------------------------------------

Note 1.  Financial Statements.
   The  consolidated financial statements reflect all adjustments
which,  in  the  opinion  of  Oxford  Residential  Properties   I
Corporation, the managing general partner (the "Managing  General
Partner")  of Oxford Residential Properties I Limited Partnership
("ORP" or the "Partnership"), are necessary to present fairly the
Partnership's Consolidated Balance Sheets as of June 30, 2000 and
December 31, 1999, the Consolidated Statements of Operations  for
the  three-month and six-month periods ended June  30,  2000  and
1999, the Consolidated Statement of Partners' Capital as of  June
30,  2000, and the Consolidated Statements of Cash Flows for  the
six-month  periods  ended June 30, 2000 and  1999,  according  to
generally accepted accounting principles.  Although the  Managing
General  Partner believes the disclosures presented are  adequate
to  make the information not misleading, these statements  should
be  read  in conjunction with the audited consolidated  financial
statements  and  the  notes included in the Partnership's  Annual
Report for the year ended December 31, 1999.

   For  financial reporting purposes, the net income per assignee
unit  of  limited partnership of ORP ("Assignee Unit")  has  been
calculated  by  dividing  the portion of  the  Partnership's  net
income  allocable to Assignee Unit Holders (98%) by the  weighted
average  of  Assignee Units outstanding.  In all computations  of
earnings  per  Assignee Unit, the weighted  average  of  Assignee
Units outstanding during the period constitutes the basis for the
net   income  amounts  per  Assignee  Unit  on  the  Consolidated
Statements of Operations.

Note 2.  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  were  not covered separately by fees. Total reimbursements
to  the Managing General Partner and its affiliates for the  six-
month period ended June 30, 2000, were approximately $29,000  for
administrative and accounting-related costs, compared to  $44,000
for the same period in 1999.

   An  affiliate of NHP Management Company, the property manager,
has  a  separate services agreement with Oxford Realty  Financial
Group,  Inc.  ("ORFG"),  an affiliate  of  the  Managing  General
Partner, pursuant to which ORFG provides certain services to  NHP
in  exchange for service fees in an amount equal to 25.41% of all
fees  collected  by NHP from certain properties, including  those
owned by the Partnership.

Note 3.  Other Liabilities

   Other  Liabilities.  Under the Property Management  Agreements
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
Limited Partners or Assignee Unit Holders are achieved.  Property
management fees of $81,000 and $80,000 for the six-month  periods
ended June 30, 2000 and 1999, respectively, have been deferred.

Note 4.  Mortgage Notes Payable.
   Effective January 12, 1994, separate mortgage loans were  made
to  each  of the four ownership entities (as discussed  in  prior
reports)   in   the  aggregate  original  principal   amount   of
$22,362,000.   These mortgage loans are not cross-collateralized,
nor  are  they  cross-defaulted.  Each note bears interest  at  a
fixed  rate of 8.25% per annum and matures on February 11,  2004.
The total monthly principal and interest payment is $176,000.  As
of  June  30,  2000, the total outstanding balance  of  the  four
mortgage  notes payable was $20,119,000.  The properties  are  in
compliance  with their respective debt service agreements  as  of
June 30, 2000.

<PAGE 17>
-----------------------------------------------------------------
Notes to Consolidated Financial Statements
-----------------------------------------------------------------

The  individual outstanding mortgage notes payable as of June 30,
2000, and monthly debt service are as follows:

<TABLE>
-------------------------------------------------------------------
<CAPTION>
Property Collateralizing Debt         Outstanding     Monthly
(in thousands)                         Mortgage    Debt Service<F1>
-------------------------------------------------------------------
<S>                                   <C>                <C>
Fairlane East, Dearborn, Michigan     $  9,244           $ 81
The Landings, Indianapolis, Indiana      3,047             26
Raven Hill, Burnsville, Minnesota        4,656             41
Shadow Oaks, Tampa, Florida              3,172             28
-------------------------------------------------------------------
                                      $ 20,119           $176
===================================================================
<FN>
<F1> Includes principal and interest.
</FN>
</TABLE>


<PAGE 18>
-----------------------------------------------------------------
Instructions for Investors who wish to reregister or transfer ORP
Assignee Units
-----------------------------------------------------------------

Please follow the instructions below if you wish to reregister or
transfer  ownership  of  your  Oxford  Residential  Properties  I
Limited Partnership ("ORP" or the "Partnership") Assignee  Units.
No  transfers or sales can be effected without the consent of the
Managing  General  Partner  and  the  completion  of  the  proper
documents.


  To  cover  the costs associated with processing transfers,  MMS
  Escrow & Transfer Agency, Inc. ("MMS"), the transfer agent  for
  ORP,  charges  $25  for  each transfer of  ORP  Assignee  Units
  between  related parties, and $50 per seller for each  transfer
  for consideration (sale).  The only exception is a transfer  to
  a  surviving  joint  holder of Assignee Units  when  the  other
  joint  holder  dies,  in which case no  fee  is  charged.   MMS
  charges  $150  for  the  conversion of Assignee  Units  into  a
  limited partner interest.

  To  transfer  ownership of Assignee Units  held  in  a  Merrill
  Lynch   account,  please  have  your  Merrill  Lynch  financial
  consultant contact Merrill Lynch Partnership Operations in  New
  Jersey  at  (201)  557-1619 to request the  necessary  transfer
  documents.   Merrill  Lynch Partnership  Operations  will  only
  accept  calls  from your financial consultant.  YOU  MUST  HAVE
  THE  PROPER TRANSFER DOCUMENTS FROM MERRILL LYNCH TO  EFFECT  A
  TRANSFER.   Your financial consultant must contact  Partnership
  Operations,  as  ORP  Investor  Services  does  not  send   out
  transfer  papers  for Assignee Units held in  a  Merrill  Lynch
  account.

  Investors who no longer hold their Assignee Units in a  Merrill
  Lynch  account  should contact ORP Investor Services  at  (248)
  614-4550  or  P.O.  Box  7090, Troy,  Michigan  48007-9921,  to
  obtain   transfer  documents.   YOU  MUST  OBTAIN  THE   PROPER
  TRANSFER  DOCUMENTS  FROM ORP INVESTOR  SERVICES  TO  EFFECT  A
  TRANSFER OF ASSIGNEE UNITS WHICH YOU HOLD PERSONALLY.

  To  redeposit  your  ORP  units into a Merrill  Lynch  account,
  please  notify  ORP  Investor Services  in  writing  after  the
  Merrill  Lynch account has been opened.  ORP Investor  Services
  will  then instruct Merrill Lynch to deposit the Assignee Units
  into the account.

  Please  remember to notify ORP Investor Services in writing  at
  the  address  below or by calling (248) 614-4550 in  the  event
  you  change  your mailing address or your financial consultant.
  We  can  then  continue to provide you and your  representative
  with   timely  information  about  your  investment  in  Oxford
  Residential Properties I Limited Partnership.

  The  Quarterly Report on Form 10-Q for the quarter  ended  June
  30,  2000,  filed with the Securities and Exchange  Commission,
  is  available to Assignee Unit Holders and may be  obtained  by
  writing:


                        Investor Services
       Oxford Residential Properties I Limited Partnership
                          P.O. Box 7090
                    Troy, Michigan 48007-9921

                         (248) 614-4550