UNITED STATES
     SECURITIES AND EXCHANGE COMMISSION
           Washington, D.C. 20549
                           

                  FORM 10-Q
(Mark One)

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

For the quarterly period ended    March 31,
1998

                     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          0-14393      
 


                      Krupp Cash Plus Limited
Partnership                     

             Massachusetts                    
              04-2865878      
(State or other jurisdiction of              
          (IRS employer
incorporation or organization)               
          identification no.)

470 Atlantic Avenue, Boston, Massachusetts    
                  02210       
(Address of principal executive offices)     
                  (Zip Code)


                               (617) 423-2233 
                              
  (Registrant's telephone number, including
area code)

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      

The total number of pages in this document is
12.

















PART I.  FINANCIAL INFORMATION

Item 1.                                 FINANCIAL STATEMENTS

This form 10-Q contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934.  Actual results could
differ materially from those projected in the forward-looking
statements as a result of a number of factors, including those
identified herein.

KRUPP CASH PLUS LIMITED PARTNERSHIP 

BALANCE SHEETS
           
<TABLE>
<CAPTION>
                                        ASSETS

                                         March 31,  December 31,
                                           1998         1997   

Real estate assets:
 <S>                                    <C>         <C>
 Retail centers (Note 3)                $       -   $26,544,659  

 Mortgage-backed securities ("MBS"),
 net of accumulated amortization (Note 7)  3,624,459  3,797,789
 
    Total real estate assets              3,624,459  30,342,448

Cash and cash equivalents (Note 2)       30,044,061   1,021,686
Other assets                                426,843     566,679

    Total assets                        $34,095,363 $31,930,813


                LIABILITIES AND PARTNERS' EQUITY

Liabilities:
 Accounts payable                       $     1,031 $       335
 Due to affiliates (Note 8)                  35,025        -   
 Accrued expenses and other
   liabilities (Note 5)                     116,529     857,336

    Total liabilities                       152,585     857,671

Partners' equity (deficit) (Note 6):
  Limited Partners (4,000,000 Units
  outstanding)                           34,049,539  31,186,226
  Corporate Limited Partner (100 Units
  outstanding)                                1,080       1,009
  General Partners                         (285,655)   (283,614)
 Unrealized holding gains on MBS (Note 7)    177,814    169,521

    Total Partners' equity               33,942,778  31,073,142

    Total liabilities and Partners' 
      equity                            $34,095,363 $31,930,813


</TABLE>




             The accompanying notes are an integral
                part of the financial statements.

               KRUPP CASH PLUS LIMITED PARTNERSHIP

                    STATEMENTS OF OPERATIONS
                                      

<TABLE>
<CAPTION>
                                          For the Three Months   
                                             Ended March 31,     
                                           1998        1997   
 
Revenue:
 <S>                                    <C>         <C>
 Rental                                 $  579,497  $1,452,013
 Interest income - MBS (Note 7)             74,045      91,910 
 Interest income - other                   281,238      60,406  

    Total revenue                          934,780   1,604,329   
     

Expenses:
 Operating (Note 8)                        215,218     280,305
 Maintenance                                36,506      74,296 
 General and administrative (Note 8)        79,915      98,355
 Real estate taxes                          85,998     304,458
 Management fees (Note 8)                   24,736      71,645
 Depreciation                                 -        498,150

    Total expenses                         442,373   1,327,209

Income before gain on sale of properties   492,407     277,120
                                        
Gain on sale of properties (Note 3)      2,930,843        -   

Net income                              $3,423,250  $  277,120

Allocation of net income (Note 6):

 Unitholders (4,000,000 Units outstanding):
 Income before gain on sale of properties$ 482,547  $  271,571
    Gain on sale of properties           2,930,770        -   
    Net income                          $3,413,317  $  271,571

 Per Unit of Depositary Receipt:
 Income before gain on sale of properties$     .12  $      .07
    Gain on sale of properties                 .73        -   
    Net income                          $      .85  $      .07

 Corporate Limited Partner 
    (100 Units outstanding):
    Income before gain on sale of properties$   12  $        7
    Gain on sale of properties                  73        -   
    Net income                          $       85  $        7
    
 General Partners:
 Income before gain on sale of properties$   9,848  $    5,542
    Gain on sale of properties                -           -   
    Net income                          $    9,848  $    5,542






             The accompanying notes are an integral
             part of the financial statements.<PAGE>
               KRUPP CASH PLUS LIMITED PARTNERSHIP

                    STATEMENTS OF CASH FLOWS
                                          


                                           For the Three Months 

                                                Ended March 31,  

                                               1998       1997   


Operating activities:
 Net income                                $ 3,423,250$  277,120
 Adjustments to reconcile net income to net cash
   provided by operating activities:
   Depreciation                                   -     498,150 
   Amortization of MBS premium, net                815    (150)
   Gain on sale of properties               (2,930,843)       -
     Changes in assets and liabilities:
     Decrease (increase) in other assets        57,564   (3,249)
     Increase in accounts payable                  696   12,145
     Increase (decrease) in due to affiliates   35,025  (26,735)
      Increase (decrease) in accrued expenses
      and other liabilities                   (740,807)    536,659

      Net cash provided by (used in)
       operating activities                   (154,300)  1,293,940

Investing activities:   
 Additions to fixed assets                    (627,911)       -
 Decrease in accounts payable
  for fixed asset additions                      -       (41,963)
 Principal collections on MBS                  180,808     54,814
 Proceeds from sale of property, net        30,185,685       -   

 Net cash provided by investing activities 29,738,582       12,851 

Financing activity:
 Distributions                               (561,907)   (557,791)

Net increase in cash and cash equivalents   29,022,375    749,000
     
Cash and cash equivalents, beginning of period1,021,686  4,043,066

Cash and cash equivalents, end of period   $30,044,061$4,792,066



Supplemental schedule of noncash investing and financing
activities:

 Unrealized holding gains on MBS (Note 7)  $     8,293$      -   




</TABLE>







             The accompanying notes are an integral
             part of the financial statements.<PAGE>
               KRUPP CASH PLUS LIMITED PARTNERSHIP

                  NOTES TO FINANCIAL STATEMENTS
                                     


(1)Accounting Policies

Certain information and footnote disclosures
normally included in financial statements
prepared in accordance with generally accepted
accounting principles have been condensed or
omitted in this Report on Form 10-Q pursuant
to the Rules and Regulations of the Securities
and Exchange Commission.  In the opinion of
the General Partners of Krupp Cash Plus
Limited Partnership (the "Partnership"), the
disclosures contained in this Report are
adequate to make the information presented not
misleading.  See Notes to Financial Statements
included in the Partnership's Annual Report on
Form 10-K for the year ended December 31, 1997
for additional information relevant to
significant accounting policies followed by
the Partnership.

In the opinion of the General Partners of the
Partnership, the accompanying unaudited
financial statements reflect all adjustments
(consisting of only normal recurring accruals)
necessary to present fairly the Partnership's
financial position as of March 31, 1998, and
its results of operations and cash flows for
the three months ended March 31, 1998 and
1997. 

The results of operations for the three months
ended March 31, 1998 are not necessarily
indicative of the results which may be
expected for the full year.  See Management's
Discussion and Analysis of Financial Condition
and Results of Operations included in this
report.

(2)Cash and Cash Equivalents

Cash and cash equivalent consisted of the
following:

                                         
March 31, December 31,          1998   1997  

Cash and money market accounts                
                         
$1,356,483$1,021,686          
                                         
Commercial paper     28,687,578      -   

                     $30,044,061$1,021,686
                                    
(3)Sale of Properties

On January 30, 1998 the Partnership sold its
remaining properties to unaffiliated third
parties.  The Partnership's properties were
included in a package with eleven other
properties owned by affiliates of the General
Partners.  The total selling price of the
fourteen properties was $138,000,000, of which
the Partnership received $31,247,100, less its
share of closing costs of $1,061,415.  For
financial reporting purposes, the Partnership
realized a gain of $2,930,843 on the sale. 
The gain was calculated as the difference
between the properties' selling prices less
net book value of the properties and closing
costs.










                            Continued

KRUPP CASH PLUS LIMITED PARTNERSHIP

            NOTES TO FINANCIAL STATEMENTS, Continued
                                     


(4)Provision for Losses on Real Estate

In accordance with Financial Accounting
Standard No. 121, "Accounting for the
Impairment of Long-Lived Assets and for Long-
Lived Assets to Be Disposed Of", the
Partnership recorded valuation provisions for
losses on its real estate assets of $4,689,099
at December 31, 1997.  These provisions
represented the difference between carrying
values and selling prices less estimated costs
to sell as a result of the sale of the
Partnership's properties on January 30, 1998
(see Note 3).


(5)    Accrued Expenses and Other Liabilities

   Accrued expenses and other liabilities consisted of the
  following:

<TABLE>
<CAPTION>
                                         March 31, December 31, 
                                           1998       1997   

      <S>                              <C>         <C> 
      Accrued real estate taxes        $      -    $   588,000
      Deferred income and other accrued
        expenses                          104,640      214,043
      Tenant security deposits               -          55,293 
      Distributions payable                11,889         -   

                                       $  116,529  $   857,336
</TABLE>
                                                   
(6)    Changes in Partners' Equity

   A summary of changes in Partners' equity (deficit) for the
   three months ended March 31, 1998 is as follows:
<TABLE>
<CAPTION>
                                              Unrealized
                               Corporate          Holding
                                Limited          General    Gains on
                   Unitholders  Partner  Partner   MBS        Total   
   
Balance at         
 <S>             <C>          <C>      <C>       <C>      <C>      
December 31, 1997$ 31,186,226 $ 1,009  $(283,614)$ 169,521$ 31,073,142

Income before gain on
 sale of properties    482,547     12       9,848      -       492,407

Gain on sale of 
 properties           2,930,770    73        -        -      2,930,843

Unrealized Holding
 Gains on MBS              -        -        -      8,293        8,293

Distributions          (550,004)   (14)  (11,889)     -       (561,907)

Balance at 
 March 31, 1998    $ 34,049,539$   1,080$(285,655)$ 177,814  $33,942,778
</TABLE>

   The distributions payable to the General Partners totaled
$11,889 and were included in accrued expenses and other
liabilities at March 31, 1998.

   
                            Continued

KRUPP CASH PLUS LIMITED PARTNERSHIP

            NOTES TO FINANCIAL STATEMENTS, Continued
                                     


(7) Mortgage Backed Securities
    
    The MBS held by the Partnership were issued by the Federal
    Home Loan Mortgage Corporation and the Government National
    Mortgage Association.  The following is additional information
    on the MBS held:
<TABLE>
<CAPTION>
                                         March 31,  December 31,
                                           1998         1997   


      <S>                               <C>         <C>
      Face Value                        $3,435,180  $ 3,785,509

      Amortized Cost                    $3,446,645  $ 3,628,268

      Estimated Market Value            $3,624,000  $ 3,798,000
</TABLE>
Coupon rates of the MBS ranged from 8.5% to
9.0% per annum and were due to mature in the
years 2008 through 2017.

In accordance with Financial Accounting
Standard No. 115, "Accounting for Certain
Investments in Debt and Equity Securities",
unrealized holding gains and losses for
available-for-sale securities are reported as
a component of equity until realized.  At
March 31, 1998 and December 31, 1997, the
Partnership had unrealized holding gains of
$177,814 and $169,521, respectively on its MBS
investments to adjust to market value,    
based on quoted market prices.

(8)Related Party Transactions
The Partnership paid property management fees
to an affiliate of the General Partners for
management services.  Payment of these fees
ended in conjunction with the sale of the
Partnership's properties on January 30, 1998
(see Note 3).  Pursuant to the agreements,
management fees were payable monthly at a rate
of up to 6% of the gross receipts, net of
leasing commissions, from commercial
properties under management.  The Partnership
continues to reimburse affiliates of the
General Partners for certain expenses incurred
in connection with the operation of the
Partnership, including administrative
expenses. 

                                          
Amounts accrued or paid to the General
Partners' affiliates were as              
follows:
<TABLE>
<CAPTION>
                             For the Three Months
                                Ended March 31,  
                               1998      1997  

       Property management
          <S>                <C>       <C>
          fees               $ 24,736  $ 71,645
      
       Expense
          reimbursements       93,398    87,320

          Charged to
            operations       $118,134  $158,965
      

</TABLE>


                            Continued
KRUPP CASH PLUS LIMITED PARTNERSHIP

            NOTES TO FINANCIAL STATEMENTS, Continued
                                     


(8) Related Party Transactions, Continued

Due to affiliates consisted of expense
reimbursements of $35,024 at March 31, 1998.

In addition to the amounts above, costs paid
to the General Partners' affiliates associated
with the sale of the Partnership's remaining
properties were $250,667 during the three
months ended March 31, 1998.

(9) Subsequent Event

On April 29, 1998, the General Partners sold
the Partnership's MBS portfolio to
unaffiliated third parties for $3,583,068.
        





























         KRUPP CASH PLUS LIMITED PARTNERSHIP
          


Item 2. MANAGEMENT'S DISCUSSION AND
        ANALYSIS OF FINANCIAL CONDITION AND
        RESULTS OF OPERATIONS

This Management's Discussion and Analysis of
Financial Condition and Results of Operations
contains forward-looking statements including
those concerning Management's expectations
regarding the future financial performance and
future events.  These forward-looking
statements involve significant risk and
uncertainties, including those described
herein.  Actual results may differ materially
from those anticipated by such forward-looking
statements.

Liquidity and Capital Resources

Based upon the General Partners' assessment of
the current and future market conditions, the
capital improvements necessary to remain
competitive in the properties' markets and the
Partnership's capital resources, the General
Partners determined that it was in their best
interests, and that of their respective
investors, to sell all the Partnership's
properties.  On January 30, 1998, the
Partnership sold all of its properties to
unaffiliated third parties.  The properties
were included in a package with eleven other
properties owned by affiliates of the General
Partners.  The total selling price of the
fourteen properties was $138,000,000, of which
the Partnership received $31,247,100 for the
sale of its properties, less its share of the
closing costs of $1,061,415 (see Note 3).  The
sale of the properties is considered a
Terminating Capital Transaction, as defined by
the Partnership Agreement.

The Partnership anticipates making a special
distribution of $6.80 per Unit in the second
quarter of 1998, based upon approximately 80%
of the proceeds of the sale and estimated
liquidation value of remaining Partnership
assets.  Once all necessary reserves and
contingent liabilities are funded, the
remaining proceeds will be distributed.  All
Partnership affairs are expected to be
completed by year-end.

The Partnership held MBS that were guaranteed
by the Government National Mortgage
Association ("GNMA") and the Federal Home Loan
Mortgage Corporation ("FHLMC").  At March 31,
1998 and December 31, 1997, the Partnership
had unrealized holding gains on its MBS of
$177,814 and $169,521, respectively to adjust
the investments to market value (see Note 7).
Subsequent to March 31, 1998, the General Partners
sold the Partnership's MBS portfolio to
unaffiliated third parties (see Note 9).





















KRUPP CASH PLUS LIMITED PARTNERSHIP
          


Operations

The following discussion relates to the
operations of the Partnership for the three
months ended March 31, 1998 and 1997.  The
sale of the Partnership's properties (High
Point National Furniture Mart, Tradewinds
Shopping Center and Luria's Plaza) on January
30, 1998, significantly impacts the
comparability of the Partnership's operations
between the two periods.

Net income for the three months ended March
31, 1998 as compared to the three months ended
March 31, 1997, net of activity of the
Partnership's sold properties, increased as
total revenue increased and total expenses
decreased.  Total revenue increased due to
higher average cash and cash equivalent
balances available for investment, as a result
of the sale of the Partnership's properties on
January 30, 1998. Proceeds of approximately
$30,186,000 were received from the sale.

Total expenses for the three months ended
March 31, 1998, net of activity of the
Partnership's sold properties, decreased when
compared to the same period in 1997, due to a
decrease in general and administrative
expense.  This decrease is the result of legal
costs incurred in 1997 which related to
unsolicited tender offers to purchase Units of
Depository Receipts.



<PAGE>
KRUPP CASH PLUS LIMITED PARTNERSHIP

PART II - OTHER INFORMATION
             




Item 1.             Legal Proceedings
                                    
Response:  None

Item 2.             Changes in Securities
                                    
Response:  None

Item 3.             Defaults upon Senior
                    Securities
                                    
Response:  None

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

Item 5.             Other Information
                                    
Response:  None

Item 6.             Exhibits and Reports on
Form                8-K
                                    
(a)Exhibits
                        Response:  None

(b)Reports on Form 8-K

Date       Event Reported  Financial
Statements Filed

January 30, 1998 Disposition of the Pro
Forma Balance Sheet at Partnership's
remaining September 30, 1997.
properties

Pro Forma Statements of Operations for the
nine months ended September 30, 1997 and for
the year ended December 31, 1996.







<PAGE>


















SIGNATURE



Pursuant to the requirements 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.



                                          
Krupp Cash Plus Limited Partnership
                                           
(Registrant)





By:/s/Wayne H. Zarozny                    
Wayne H. Zarozny
                                          
                   Treasurer and Chief
                   Accounting
                   Officer of The Krupp   
                   Corporation, a General 
                   Partner.





Date: May 13, 1998