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 March 31, 2005


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


             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)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 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 ___

                         PART I - FINANCIAL INFORMATION


ITEM 1.     FINANCIAL STATEMENTS


             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

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

                                 March 31, 2005

<TABLE>
<CAPTION>


Assets
<S>                                                                            <C>
  Cash and cash equivalents                                                    $ 119
  Receivables and deposits                                                         239
  Restricted escrows                                                               109
  Other assets                                                                     721
  Investment properties:
   Land                                                         $ 2,722
   Buildings and improvements                                     36,406
                                                                 39,128
   Less accumulated depreciation                                 (21,333)       17,795
                                                                              $ 18,983
Liabilities and Partners' (Deficiency) Capital
Liabilities
  Accounts payable                                                             $ 263
  Tenant security deposits                                                         110
  Accrued taxes                                                                    238
  Other liabilities                                                                266
  Due to affiliates (Note B)                                                     1,107
  Mortgage notes payable                                                        25,493

Partners' (Deficiency) Capital
  General partners                                              $ (2,203)
  Assignor limited partner                                             1
  Assignee unit holders (23,558 units outstanding)                (6,292)       (8,494)
                                                                              $ 18,983

         See Accompanying Notes to Consolidated Financial Statements
</TABLE>



<PAGE>




             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
                      (in thousands, except per unit data)


<TABLE>
<CAPTION>

                                                                  Three Months Ended
                                                                       March 31,
                                                                   2005          2004

Revenues:
<S>                                                              <C>           <C>
  Rental income                                                  $ 1,384       $ 1,466
  Other income                                                       118           136
      Total revenues                                               1,502         1,602

Expenses:
  Operating                                                          721           626
  General and administrative                                          54            39
  Depreciation                                                       350           359
  Interest                                                           293           285
  Property taxes                                                     161           193
      Total expenses                                               1,579         1,502

(Loss) income from continuing operations                             (77)          100
Loss from discontinued operations (Note A)                            --          (166)
Gain on sale of discontinued operations (Note C)                      --         3,592
Net (loss) income                                                 $ (77)       $ 3,526

Net loss allocated to general partner                              $ (2)         $ (1)
Net (loss) income allocated to limited partners                      (75)        3,527
                                                                  $ (77)       $ 3,526
Per limited partnership unit:
  (Loss) income from continuing operations                       $ (3.18)       $ 4.16
  Loss from discontinued operations                                   --         (6.91)
  Gain on sale of discontinued operations                             --        152.47
                                                                 $ (3.18)      $149.72

Distributions per Assignee Unit                                    $ --        $176.03


         See Accompanying Notes to Consolidated Financial Statements
</TABLE>



<PAGE>



             OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP

           CONSOLIDATED STATEMENT OF PARTNERS' (DEFICIENCY) CAPITAL
                                   (Unaudited)
                        (in thousands, except unit data)


<TABLE>
<CAPTION>

                                  Assignee    General       Assignor        Assignee
                                    Units    Partners   Limited Partner   Unit Holders     Total

Partners' (deficiency) capital
<S>           <C> <C>               <C>       <C>             <C>           <C>           <C>
  at December 31, 2004              23,558    $(2,201)        $ 1           $(6,217)      $(8,417)

Net loss for the three
  months ended March 31, 2005           --         (2)           --             (75)          (77)

Partners' (deficiency) capital
  at March 31, 2005                 23,558    $(2,203)        $ 1           $(6,292)      $(8,494)

         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>

                                                                   Three Months Ended
                                                                        March 31,
                                                                    2005         2004
Cash flows from operating activities:
<S>                                                               <C>           <C>
  Net (loss) income                                               $   (77)      $ 3,526
  Adjustments to reconcile net (loss) income to net cash
   provided by operating activities:
     Depreciation                                                     350           359
     Amortization of loan costs                                         6             8
     Bad debt expense                                                  31            56
     Gain on sale of discontinued operations                           --        (3,592)
     Loss on early extinguishment of debt                              --            85
     Changes in accounts:
      Receivables and deposits                                        (50)           77
      Other assets                                                    (67)         (138)
      Accounts payable                                                 56            (6)
      Tenant security deposits payable                                  4           (37)
      Due to affiliates                                                60          (261)
      Accrued property taxes                                           24            63
      Other liabilities                                               (41)          (87)
          Net cash provided by operating activities                   296            53

Cash flows from investing activities:
  Property improvements and replacements                             (288)          (58)
  Net proceeds from sale of discontinued operations                    --         8,199
  Net withdrawals from restricted escrows                              --             5
          Net cash (used in) provided by investing activities        (288)        8,146

Cash flows from financing activities:
  Payments on mortgage notes payable                                 (231)         (238)
  Repayment of mortgage note payable                                   --        (4,052)
  Advances from affiliate                                             117            --
  Distributions to partners                                            --        (4,147)
          Net cash used in financing activities                      (114)       (8,437)

Net decrease in cash and cash equivalents                            (106)         (238)
Cash and cash equivalents at beginning of period                      225           790

Cash and cash equivalents at end of period                        $   119        $ 552

Supplemental disclosure of cash flow information:
  Cash paid for interest                                          $   270        $ 332

Supplemental disclosure of non-cash flow information:
  Property improvements and replacements in accounts payable      $    86        $ --

At December  31,  2004,  accounts  payable  included  approximately  $54,000 for
property   improvements  and  replacements,   which  are  included  in  property
improvements and replacements for the three months ended March 31, 2005.


         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 months ended
March  31,  2005  are not  necessarily  indicative  of the  results  that may be
expected for the fiscal year ending December 31, 2005. 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, 2004.  The  Managing  General  Partner is an affiliate of Apartment
Investment  and  Management  Company  ("AIMCO"),  a publicly  traded real estate
investment trust.

In accordance with Statement of Financial Accounting Standards ("SFAS") No. 144,
the accompanying consolidated statement of operations for the three months ended
March 31, 2004 reflects the  operations  of Shadow Oaks  Apartments as loss from
discontinued operations due to its sale in January 2004.

Certain  2004  balances  have  been   reclassified  to  conform  with  the  2005
presentation.

Note B - Transactions with Affiliates

The Partnership has no employees and depends on the Managing General Partner and
its  affiliates  for  the  management  and  administration  of  all  Partnership
activities.  The Partnership  Agreement  provides for (i) payments to affiliates
for property  management services and (ii) for reimbursement of certain expenses
incurred by affiliates on behalf of the Partnership.

Affiliates of the Managing General Partner receive 5% of gross receipts from all
of  the  Partnership's   properties  as  compensation  for  providing   property
management  services.  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  $76,000  and $95,000 for the three
months ended March 31, 2005 and 2004, respectively,  were charged to expense and
are included in operating expenses and loss from discontinued  operations on the
consolidated statements of operations. Property management fees of approximately
$30,000  and  $38,000  for the  three  months  ended  March  31,  2005 and 2004,
respectively,  have been deferred. During the three months ended March 31, 2004,
the  distribution  preferences  were met with the sale of Shadow Oaks Apartments
and  approximately  $323,000 of the previously  subordinated fees were paid. The
cumulative deferred  management fees as of March 31, 2005 totaled  approximately
$136,000 and are included in due to affiliates.

An  affiliate  of  the  Managing   General   Partner   charged  the  Partnership
reimbursement of accountable  administrative expenses amounting to approximately
$62,000  and  $33,000  for the  three  months  ended  March  31,  2005 and 2004,
respectively,  which is  included  in general and  administrative  expenses  and
investment  properties.   The  portion  of  these  reimbursements   included  in
investment properties for the three months ended March 31, 2005 are fees related
to  construction  management  services  provided by an affiliate of the Managing
General Partner of  approximately  $20,000.  There were no such fees charged for
the three months ended March 31, 2004. The construction  management service fees
are calculated based on a percentage of additions to the investment  properties.
At March 31, 2005, approximately $108,000 in accountable administrative expenses
were due to an affiliate of the Managing General Partner and are included in due
to affiliates.

In  accordance  with the  Partnership  Agreement,  during the three months ended
March 31, 2005, the Managing General Partner advanced  approximately $117,000 to
the Partnership to pay for capital  improvement  related  payables at two of the
investment  properties.  Interest on advances  accrues at the prime rate plus 2%
(7.75% at March 31,  2005) and was  approximately  $15,000 for the three  months
ended March 31, 2005.  There were no such advances or interest  during the three
months  ended  March 31,  2004.  At March 31,  2005,  approximately  $863,000 of
advances and accrued interest is included in due to affiliates.

The  Partnership  insures 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 three months  ended March 31, 2005,  the
Partnership  was charged by AIMCO and its affiliates  approximately  $81,000 for
hazard insurance coverage and fees associated with policy claims administration.
Additional  charges  will be  incurred by the  Partnership  during 2005 as other
insurance policies renew later in the year. The Partnership was charged by AIMCO
and its  affiliates  approximately  $102,000  for  insurance  coverage  and fees
associated with policy claims  administration during the year ended December 31,
2004.

Note C - Sale of Investment Property

In January 2004, the  Partnership  sold Shadow Oaks Apartments to a third party,
for net proceeds of approximately $8,199,000 after payment of closing costs. The
Partnership  used  approximately  $4,052,000  of the net  proceeds  to repay the
mortgage   encumbering  the  property.   The  Partnership  realized  a  gain  of
approximately  $3,592,000 as a result of the sale. In addition,  the Partnership
recorded a loss on early  extinguishment  of debt of approximately  $85,000 as a
result of  unamortized  loan costs  being  written off which is included in loss
from discontinued operations.  Included in loss from discontinued operations for
the three  months  ended  March 31,  2004 is  approximately  $67,000  of revenue
generated by the property.

Note D - Contingencies

As previously  disclosed AIMCO Properties L.P. and NHP Management Company,  both
affiliates of the Managing General Partner, are defendants in a lawsuit alleging
that they willfully violated the Fair Labor Standards Act ("FLSA") by failing to
pay  maintenance  workers  overtime  for all hours worked in excess of forty per
week.  The  complaint  attempts to bring a collective  action under the FLSA and
seeks to certify state subclasses in California,  Maryland,  and the District of
Columbia.  Specifically,  the plaintiffs  contend that AIMCO Properties L.P. and
NHP Management  Company failed to compensate  maintenance  workers for time that
they were required to be "on-call."  Additionally,  the complaint  alleges AIMCO
Properties  L.P. and NHP  Management  Company  failed to comply with the FLSA in
compensating  maintenance  workers for time that they worked in  responding to a
call  while  "on-call."  The  defendants  have  filed an answer  to the  amended
complaint  denying the substantive  allegations.  Oral argument  relating to the
certification of the collective  action is scheduled for May 12, 2005.  Although
the outcome of any  litigation is  uncertain,  AIMCO  Properties,  L.P. does not
believe that the ultimate  outcome  will have a material  adverse  effect on its
consolidated  financial  condition  or results  of  operations.  Similarly,  the
Managing  General Partner does not believe that the ultimate outcome will have a
material adverse effect on the Partnership's consolidated financial condition or
results of operations.

The  Partnership  is unaware of any pending or  outstanding  litigation  matters
involving  it or its  investment  properties  that are not of a  routine  nature
arising in the ordinary course of business.

Environmental

Various  Federal,  state and local laws subject  property owners or operators to
liability for management,  and the costs of removal or  remediation,  of certain
hazardous  substances  present on a property.  Such laws often impose  liability
without regard to whether the owner or operator knew of, or was responsible for,
the release or presence of the  hazardous  substances.  The  presence of, or the
failure to manage or remedy properly,  hazardous substances may adversely affect
occupancy at affected  apartment  communities and the ability to sell or finance
affected properties.  In addition to the costs associated with investigation and
remediation  actions brought by government  agencies,  the presence of hazardous
substances  on a  property  could  result in claims by  private  plaintiffs  for
personal injury,  disease,  disability or other  infirmities.  Various laws also
impose  liability for the cost of removal,  remediation or disposal of hazardous
substances  through a  licensed  disposal  or  treatment  facility.  Anyone  who
arranges for the disposal or treatment of hazardous  substances  is  potentially
liable  under such laws.  These laws often impose  liability  whether or not the
person arranging for the disposal ever owned or operated the disposal  facility.
In  connection  with  the  ownership  and  operation  of  its  properties,   the
Partnership could  potentially be liable for environmental  liabilities or costs
associated with its properties.

Mold

The Partnership is aware of lawsuits  against owners and managers of multifamily
properties asserting claims of personal injury and property damage caused by the
presence of mold, some of which have resulted in substantial  monetary judgments
or settlements. The Partnership has only limited insurance coverage for property
damage loss claims  arising from the  presence of mold and for  personal  injury
claims related to mold exposure. Affiliates of the Managing General Partner have
implemented a national  policy and  procedures to prevent or eliminate mold from
its properties  and the Managing  General  Partner  believes that these measures
will  eliminate,  or at least  minimize,  the  effects  that mold  could have on
residents.  To date,  the  Partnership  has not incurred  any material  costs or
liabilities  relating to claims of mold  exposure  or to abate mold  conditions.
Because the law  regarding  mold is unsettled and subject to change the Managing
General  Partner  can make no  assurance  that  liabilities  resulting  from the
presence of or exposure to mold will not have a material  adverse  effect on the
Partnership's financial condition or results of operations.

SEC Investigation

The  Central  Regional  Office of the  United  States  Securities  and  Exchange
Commission (the "SEC") is conducting a formal investigation  relating to certain
matters.  Although  the staff of the SEC is not limited in the areas that it may
investigate,   AIMCO  believes  the  areas  of  investigation   include  AIMCO's
miscalculated   monthly  net  rental  income  figures  in  third  quarter  2003,
forecasted  guidance,  accounts  payable,  rent  concessions,   vendor  rebates,
capitalization of payroll and certain other costs, and tax credit  transactions.
At the end of the first quarter of 2005, the SEC added certain tender offers for
limited partnership interests as an area of investigation.  AIMCO is cooperating
fully.  AIMCO is not able to predict  when the  investigation  will be resolved.
AIMCO does not believe  that the ultimate  outcome will have a material  adverse
effect  on its  consolidated  financial  condition  or  results  of  operations.
Similarly,  the  Managing  General  Partner  does not believe  that the ultimate
outcome will have a material  adverse effect on the  Partnership's  consolidated
financial condition or results of operations.


<PAGE>




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

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.  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;  litigation,  including  costs  associated  with  prosecuting  and
defending  claims  and  any  adverse   outcomes,   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 three apartment  complexes.
The following  table sets forth the average  occupancy of the properties for the
three months ended March 31, 2005 and 2004:

                                                   Average Occupancy
      Property                                      2005       2004

      The Landings Apartments (1)                   92%        89%
        Indianapolis, Indiana
      Raven Hill Apartments                         90%        92%
        Burnsville, Minnesota
      Fairlane East Apartments (2)                  77%        83%
        Dearborn, Michigan

   (1)   The Managing  General  Partner  attributes the increase in occupancy at
         The Landings  Apartments to increased  marketing and resident retention
         efforts at the property.

   (2)   The Managing  General  Partner  attributes the decrease in occupancy at
         Fairlane East Apartments to increased credit standards for tenants.

The  Partnership's  financial  results depend upon a number of factors including
the  ability to attract  and  maintain  tenants  at the  investment  properties,
interest  rates on mortgage  loans,  costs  incurred  to operate the  investment
properties,  general  economic  conditions  and weather.  As part of the ongoing
business plan of the  Partnership,  the Managing  General  Partner  monitors the
rental market  environment  of each 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,  the Managing  General Partner may use
rental  concessions  and  rental  rate  reductions  to offset  softening  market
conditions, accordingly, there is no guarantee that the Managing General Partner
will be able to  sustain  such a plan.  Further,  a number of  factors  that are
outside the control of the  Partnership  such as the local economic  climate and
weather can adversely or positively affect the Partnership's financial results.



<PAGE>


Results of Operations

The  Partnership's  net loss for the  three  months  ended  March  31,  2005 was
approximately $77,000 compared to net income of approximately $3,526,000 for the
three  months  ended March 31,  2004.  The  decrease in net income for the three
months  ended  March  31,  2005  is  primarily  due to a gain  on  the  sale  of
discontinued operations in 2004.

In accordance with Statement of Financial Accounting Standards ("SFAS") No. 144,
the  accompanying  statement of operations  for the three months ended March 31,
2004 reflects the operations of Shadow Oaks Apartments as loss from discontinued
operations due to its sale in January 2004.

In January 2004, the  Partnership  sold Shadow Oaks Apartments to a third party,
for net proceeds of approximately $8,199,000 after payment of closing costs. The
Partnership  used  approximately  $4,052,000  of the net  proceeds  to repay the
mortgage   encumbering  the  property.   The  Partnership  realized  a  gain  of
approximately  $3,592,000 as a result of the sale. In addition,  the Partnership
recorded a loss on early  extinguishment  of debt of approximately  $85,000 as a
result of  unamortized  loan costs  being  written off which is included in loss
from discontinued operations.  Included in loss from discontinued operations for
the three  months  ended  March 31,  2004 is  approximately  $67,000  of revenue
generated by the property.

Excluding  the  gain  on  sale  and  loss  from  discontinued  operations,   the
Partnership had a loss from continuing  operations of approximately  $77,000 for
the three months ended March 31, 2005 and income from  continuing  operations of
approximately  $100,000 for the three months ended March 31, 2004.  The decrease
in income from  continuing  operations for the three months ended March 31, 2005
is due to a decrease in total revenues and an increase in total expenses.  Total
revenues for the three months ended March 31, 2005 decreased due to decreases in
rental and other income. Rental income decreased due to decreases in the average
rental rates at all of the  Partnership's  properties  and in occupancy at Raven
Hill and Fairlane East Apartments  partially  offset by an increase in occupancy
at The Landings  Apartments.  Other income  decreased  due to decreases in lease
cancellation fees at all of the investment properties and in cleaning and damage
fees at The Landings Apartments.

Total  expenses  increased  for the three  months  ended  March 31,  2005 due to
increases in operating and general and administrative  expenses partially offset
by a decrease  in property  tax  expense.  Operating  expense  increased  due to
increases in property and  administrative  expenses.  Property expense increased
due to  increases  in payroll  and  related  costs and  utilities  at all of the
Partnership's  properties.  Administrative  expense increased due to an increase
and in ad valorem tax service at The Landings  Apartments.  Property tax expense
decreased due to decreases in the tax rate at Raven Hill Apartments and due to a
decrease in the assessed value at The Landings Apartments.

General and  administrative  expense  increased for the three months ended March
31, 2005 due to an increase in management reimbursements to the Managing General
Partner as allowed under the Partnership Agreement. Also included in general and
administrative  expenses  are costs  associated  with the  quarterly  and annual
communications  with  investors  and  regulatory  agencies  and the annual audit
required by the Partnership Agreement.

Liquidity and Capital Resources

At  March  31,  2005,  the  Partnership   had  cash  and  cash   equivalents  of
approximately $119,000 compared to approximately $552,000 at March 31, 2004. For
the three months ended March 31, 2005,  cash and cash  equivalents  decreased by
approximately  $106,000.  The  decrease in cash and cash  equivalents  is due to
approximately  $288,000 of cash used in investing  activities and  approximately
$114,000 of cash used in financing activities, partially offset by approximately
$296,000 of cash  provided by operating  activities.  Net cash used in investing
activities consisted of property improvements and replacements. Net cash used in
financing   activities   consisted  of  principal   payments  on  the  mortgages
encumbering the investment properties partially offset by advances received from
an  affiliate of the  Managing  General  Partner.  The  Partnership  invests its
working capital reserves 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 Partnership's 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
Partner  monitors  developments in the area of legal and regulatory  compliance.
For example,  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.  Capital  improvements  planned for the
Partnership's properties are detailed below.

The Landings Apartments

During  the  three  months  ended  March 31,  2005,  the  Partnership  completed
approximately  $136,000  of capital  improvements  at The  Landings  Apartments,
consisting  primarily of heating  unit and floor  covering  replacements.  These
improvements  were funded from operating cash flow.  The  Partnership  regularly
evaluates the capital  improvement needs of the property.  While the Partnership
has no material commitments for property improvements and replacements,  certain
routine  capital   expenditures  are  anticipated   during  2005.  Such  capital
expenditures  will depend on the  physical  condition of the property as well as
anticipated cash flow generated by the property.

Raven Hill Apartments
During  the  three  months  ended  March 31,  2005,  the  Partnership  completed
approximately   $55,000  of  capital  improvements  at  Raven  Hill  Apartments,
consisting  primarily of major  landscaping  and  appliance  and floor  covering
replacements.  These  improvements  were funded from  operating  cash flow.  The
Partnership  regularly  evaluates the capital improvement needs of the property.
While the Partnership has no material commitments for property  improvements and
replacements,  certain routine capital expenditures are anticipated during 2005.
Such capital  expenditures will depend on the physical condition of the property
as well as  replacement  reserves  and  anticipated  cash flow  generated by the
property.

Fairlane East Apartments

During  the  three  months  ended  March 31,  2005,  the  Partnership  completed
approximately  $129,000 of capital  improvements  at Fairlane  East  Apartments,
consisting  primarily  of  building  improvements  and  motor  vehicles.   These
improvements were funded from operating cash flow and advances from an affiliate
of the  Managing  General  Partner.  The  property  is  currently  undergoing  a
redevelopment  project in order to become more competitive with other properties
in the area in an effort to increase occupancy at the property. Based on current
redevelopment  plans, the Managing General Partner anticipates the redevelopment
to be  completed  in the  fourth  quarter of 2005 at a total  estimated  cost of
approximately  $4,048,000  of which  approximately  $776,000 was completed as of
March 31, 2005.  The project is being funded by operations  and advances from an
affiliate  of the Managing  General  Partner.  In addition to the  redevelopment
project,  certain routine capital expenditures are anticipated during 2005. Such
capital  expenditures  will depend on the physical  condition of the property as
well  as  replacement  reserves  and  anticipated  cash  flow  generated  by the
property.

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


<PAGE>


The  Partnership's  assets are thought to be sufficient for any near-term  needs
(exclusive  of  capital   improvements)   of  the   Partnership.   The  mortgage
indebtedness  encumbering Fairlane East Apartments of approximately  $10,815,000
is being  amortized  over 20 years and is  scheduled  to be fully  amortized  at
maturity in June 2023. The mortgage indebtedness  encumbering Raven Hill and The
Landings  Apartments of approximately  $14,678,000 matures in June 2023 at which
time the loans are scheduled to be fully  amortized.  The mortgage  notes have a
call option, which allows for the lender to declare the outstanding principal of
the  loans  due  and  payable  in  July  2008  and on  every  fifth  anniversary
thereafter.

The Partnership  distributed the following amounts during the three months ended
March 31, 2005 and 2004 (in thousands, except per unit data):
<TABLE>
<CAPTION>

                       Three Months                     Three Months
                           Ended       Per Assignee         Ended        Per Assignee
                      March 31, 2005       Unit        March 31, 2004        Unit

<S>  <C>                   <C>             <C>             <C>              <C>
Sale (1)                   $ --            $ --            $4,147           $176.03
</TABLE>

(1) Proceeds from the sale of Shadow Oaks Apartments in January 2004.

Future cash  distributions  will depend on the levels of net cash generated from
operations   and  the  timing  of  debt   maturities,   property   sales  and/or
refinancings. The Partnership's cash available for distribution is reviewed on a
monthly  basis.  There can be no assurance  that the  Partnership  will generate
sufficient funds from operations, after required capital expenditures, to permit
any distributions to its partners during 2005 or subsequent periods.

Other

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates  owned 13,817 limited  partnership  units
(the "Units") in the Partnership representing 58.65% of the outstanding Units at
March 31, 2005. A number of these Units were acquired  pursuant to tender offers
made by AIMCO or its  affiliates.  It is possible  that AIMCO or its  affiliates
will acquire  additional Units in exchange for cash or a combination of cash and
units in AIMCO  Properties,  LP,  the  operating  partnership  of AIMCO,  either
through  private  purchases  or  tender  offers.  Pursuant  to  the  Partnership
Agreement,  unitholders  holding a majority  of the Units are  entitled  to take
action  with  respect to a variety  of matters  which  would  include  voting on
certain  amendments  to the  Partnership  Agreement  and  voting to  remove  the
Managing  General  Partner.  As a  result  of its  ownership  of  58.65%  of the
outstanding  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.


<PAGE>



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, but are not limited
to,  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 impairment of the Partnership's
assets.

Revenue Recognition

The Partnership generally leases apartment units for twelve-month terms or less.
The Partnership will offer rental concessions during particularly slow months or
in response  to heavy  competition  from other  similar  complexes  in the area.
Rental income attributable to leases, net of any concessions, is recognized on a
straight-line  basis over the term of the lease.  The Partnership  evaluates all
accounts  receivable  from  residents and  establishes  an allowance,  after the
application of security deposits,  for accounts greater than 30 days past due on
current tenants and all receivables due from former tenants.

ITEM 3.     CONTROLS AND PROCEDURES

(a) Disclosure Controls and Procedures.  The Partnership's management,  with the
participation of 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,  has
evaluated  the  effectiveness  of  the  Partnership's  disclosure  controls  and
procedures (as such term is defined in Rules  13a-15(e) and 15d-15(e)  under the
Securities  Exchange Act of 1934, as amended (the "Exchange Act")) as of the end
of the period covered by this report.  Based on such  evaluation,  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 concluded that, as of the
end of such period,  the  Partnership's  disclosure  controls and procedures are
effective.

(b) Internal Control Over Financial  Reporting.  There have not been any changes
in the Partnership's  internal control over financial reporting (as such term is
defined in Rules  13a-15(f)  and  15d-15(f)  under the Exchange  Act) during the
fiscal quarter to which this report relates that have  materially  affected,  or
are reasonably likely to materially affect,  the Partnership's  internal control
over financial reporting.



<PAGE>


                           PART II - OTHER INFORMATION


ITEM 1.     LEGAL PROCEEDINGS

As previously  disclosed AIMCO Properties L.P. and NHP Management Company,  both
affiliates of the Managing General Partner, are defendants in a lawsuit alleging
that they willfully violated the Fair Labor Standards Act ("FLSA") by failing to
pay  maintenance  workers  overtime  for all hours worked in excess of forty per
week.  The  complaint  attempts to bring a collective  action under the FLSA and
seeks to certify state subclasses in California,  Maryland,  and the District of
Columbia.  Specifically,  the plaintiffs  contend that AIMCO Properties L.P. and
NHP Management  Company failed to compensate  maintenance  workers for time that
they were required to be "on-call."  Additionally,  the complaint  alleges AIMCO
Properties  L.P. and NHP  Management  Company  failed to comply with the FLSA in
compensating  maintenance  workers for time that they worked in  responding to a
call  while  "on-call."  The  defendants  have  filed an answer  to the  amended
complaint  denying the substantive  allegations.  Oral argument  relating to the
certification of the collective  action is scheduled for May 12, 2005.  Although
the outcome of any  litigation is  uncertain,  AIMCO  Properties,  L.P. does not
believe that the ultimate  outcome  will have a material  adverse  effect on its
consolidated  financial  condition  or results  of  operations.  Similarly,  the
Managing  General Partner does not believe that the ultimate outcome will have a
material adverse effect on the Partnership's consolidated financial condition or
results of operations.

ITEM 5.     OTHER INFORMATION

            None.

ITEM 6.     EXHIBITS

            See Exhibit Index.



<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/Martha L. Long
                                     Martha L. Long
                                     Senior Vice President


                               By:  /s/Stephen B. Waters
                                     Stephen B. Waters
                                     Vice President


                               Date: May 12, 2005



<PAGE>


                                  EXHIBIT INDEX

Exhibit     Description of 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).

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

10.9        Mortgage  dated  May 7,  2003  between  ORP One  L.L.C.  and  Golden
            American Life Insurance  Company  (incorporated  by reference to the
            Current  Report  on Form 8-K  dated May 8, 2003 and filed on May 23,
            2003).

10.10       Mortgage, Security Agreement, Financing Statement and Fixture Filing
            dated May 7, 2003 between ORP Two L.L.C.  and Golden  American  Life
            Insurance  Company  (incorporated by reference to the Current Report
            on Form 8-K dated May 8, 2003 and filed on May 23, 2003).

10.11       Mortgage, Security Agreement, Financing Statement and Fixture Filing
            dated May 7, 2003 between ORP Three L.L.C.  and Golden American Life
            Insurance  Company  (incorporated by reference to the Current Report
            on Form 8-K dated May 8, 2003 and filed on May 23, 2003).

10.12       Purchase and Sale Contract  between  Registrant and CNC Investments,
            Ltd., LLP, dated October 20, 2003  (incorporated by reference to the
            Current Report on Form 8-K dated January 30, 2004).

10.13       First Amendment to Purchase and Sale Contract between Registrant and
            CNC Investments,  Ltd., LLP, dated December 9, 2003 (incorporated by
            reference to the Current Report on Form 8-K dated January 30, 2004).

10.14       Second  Amendment to Purchase and Sale Contract  between  Registrant
            and  CNC   Investments,   Ltd.,   LLP,   dated   December  15,  2003
            (incorporated  by reference to the Current  Report on Form 8-K dated
            January 30, 2004).

10.15       Third Amendment to Purchase and Sale Contract between Registrant and
            CNC Investments, Ltd., LLP, dated December 30, 2003 (incorporated by
            reference to the Current Report on Form 8-K dated January 30, 2004).

10.16       Assignment and Assumption of Purchase and Sale Contract  between CNC
            Investments,  Ltd., LLP and Sandalwood  Limited  Partnership,  dated
            January 27, 2004 (incorporated by reference to the Current Report on
            Form 8-K dated January 30, 2004).

31.1        Certification  of equivalent of Chief Executive  Officer pursuant to
            Securities  Exchange  Act  Rules  13a-14(a)/15d-14(a),   as  Adopted
            Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2        Certification  of equivalent of Chief Financial  Officer pursuant to
            Securities  Exchange  Act  Rules  13a-14(a)/15d-14(a),   as  Adopted
            Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1        Certification  Pursuant  to  18  U.S.C.  Section  1350,  as  Adopted
            Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



<PAGE>



Exhibit 31.1


                                  CERTIFICATION


I, Martha L. Long, certify that:


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

2.    Based on my knowledge,  this 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
      report;

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

4.    The  small  business  issuer's  other  certifying  officer(s)  and  I  are
      responsible  for  establishing  and  maintaining  disclosure  controls and
      procedures (as defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) for
      the small business issuer and have:

      (a)   Designed such  disclosure  controls and  procedures,  or caused such
            disclosure   controls  and  procedures  to  be  designed  under  our
            supervision,  to ensure that  material  information  relating to the
            small business issuer, including its consolidated  subsidiaries,  is
            made  known to us by  others  within  those  entities,  particularly
            during the period in which this report is being prepared;

      (b)   Evaluated  the   effectiveness   of  the  small  business   issuer's
            disclosure  controls and procedures and presented in this report our
            conclusions about the  effectiveness of the disclosure  controls and
            procedures, as of the end of the period covered by this report based
            on such evaluation; and

      (c)   Disclosed in this report any change in the small  business  issuer's
            internal  control over financial  reporting that occurred during the
            small  business  issuer's  most  recent  fiscal  quarter  (the small
            business  issuer's  fourth  fiscal  quarter in the case of an annual
            report) that has  materially  affected,  or is reasonably  likely to
            materially affect, the small business issuer's internal control over
            financial reporting; and

5.    The  small  business  issuer's  other  certifying  officer(s)  and I  have
      disclosed,  based on our most recent  evaluation of internal  control over
      financial reporting, to the small business issuer's auditors and the audit
      committee of the small  business  issuer's  board of directors (or persons
      performing the equivalent functions):

      (a)   All significant  deficiencies and material  weaknesses in the design
            or operation of internal control over financial  reporting which are
            reasonably  likely to adversely  affect the small business  issuer's
            ability  to  record,   process,   summarize  and  report   financial
            information; and

      (b)   Any fraud,  whether or not  material,  that  involves  management or
            other  employees who have a significant  role in the small  business
            issuer's internal control over financial reporting.


Date:  May 12, 2005

                                    /s/Martha L. Long
                                    Martha L. Long
                                    Senior Vice President of Oxford  Residential
                                    Properties I Corporation,  equivalent of the
                                    chief executive officer of the Partnership


<PAGE>



Exhibit 31.2


                                  CERTIFICATION


I, Stephen B. Waters, certify that:


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

2.    Based on my knowledge,  this 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
      report;

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

4.    The  small  business  issuer's  other  certifying  officer(s)  and  I  are
      responsible  for  establishing  and  maintaining  disclosure  controls and
      procedures (as defined in Exchange Act Rules  13a-15(e) and 15d-15(e)) for
      the small business issuer and have:

      (a)   Designed such  disclosure  controls and  procedures,  or caused such
            disclosure   controls  and  procedures  to  be  designed  under  our
            supervision,  to ensure that  material  information  relating to the
            small business issuer, including its consolidated  subsidiaries,  is
            made  known to us by  others  within  those  entities,  particularly
            during the period in which this report is being prepared;

      (b)   Evaluated  the   effectiveness   of  the  small  business   issuer's
            disclosure  controls and procedures and presented in this report our
            conclusions about the  effectiveness of the disclosure  controls and
            procedures, as of the end of the period covered by this report based
            on such evaluation; and

      (c)   Disclosed in this report any change in the small  business  issuer's
            internal  control over financial  reporting that occurred during the
            small  business  issuer's  most  recent  fiscal  quarter  (the small
            business  issuer's  fourth  fiscal  quarter in the case of an annual
            report) that has  materially  affected,  or is reasonably  likely to
            materially affect, the small business issuer's internal control over
            financial reporting; and

5.    The  small  business  issuer's  other  certifying  officer(s)  and I  have
      disclosed,  based on our most recent  evaluation of internal  control over
      financial reporting, to the small business issuer's auditors and the audit
      committee of the small  business  issuer's  board of directors (or persons
      performing the equivalent functions):

      (a)   All significant  deficiencies and material  weaknesses in the design
            or operation of internal control over financial  reporting which are
            reasonably  likely to adversely  affect the small business  issuer's
            ability  to  record,   process,   summarize  and  report   financial
            information; and

      (b)   Any fraud,  whether or not  material,  that  involves  management or
            other  employees who have a significant  role in the small  business
            issuer's internal control over financial reporting.


Date:  May 12, 2005

                                    /s/Stephen B. Waters
                                    Stephen B. Waters
                                    Vice   President  of  Oxford   Residential
                                    Properties I  Corporation,  equivalent  of
                                    the  chief   financial   officer   of  the
                                   Partnership


<PAGE>


Exhibit 32.1


                          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 March 31, 2005 as filed with the Securities and Exchange Commission on the
date hereof  (the  "Report"),  Martha L. Long,  as the  equivalent  of the Chief
Executive  Officer of the Partnership,  and Stephen B. Waters, 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/Martha L. Long
                                    Name:  Martha L. Long
                                    Date:  May 12, 2005


                                           /s/Stephen B. Waters
                                    Name:  Stephen B. Waters
                                    Date:  May 12, 2005


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