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   June 30, 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
           

ASSETS

<TABLE>
<CAPTION>
                                           Unaudited
                                          June 30,  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 and
  unrealized holding gains (Note 6)            -      3,797,789
                                        
    Total real estate assets                   -     30,342,448

Cash and cash equivalents (Note 2)        6,860,273   1,021,686
Other assets                                 89,977     566,679

    Total assets                        $ 6,950,250 $31,930,813


LIABILITIES AND PARTNERS' EQUITY
       

Accrued expenses and other liabilities (Note 4)$93,031$   857,671
      
Partners' equity (deficit) (Note 5):
  Unitholders (4,000,000 Units outstanding)  7,140,469   31,186,226
  Corporate Limited Partner (100 Units
  outstanding)                                  408       1,009
  General Partners                         (283,658)   (283,614)
  Unrealized holding gains on MBS (Note 6)     -        169,521

    Total Partners' equity                6,857,219  31,073,142

    Total liabilities and Partners' 
        equity                          $ 6,950,250 $31,930,813


</TABLE>









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

                    STATEMENTS OF OPERATIONS
                                       
(Unaudited)
<TABLE>
<CAPTION>
                         For the Three Months  For the Six Months
                           Ended June 30,          Ended June 30, 

                         1998         1997       1998       1997 


Revenue:
  <S>                  <C>         <C>        <C>       <C>
  Rental               $     -     $1,452,943 $  579,497$2,904,956
  Interest income - MBS
   (Note 6)                 9,988      86,814     84,033   178,724
  Interest income - other 352,058      67,111    633,296   127,517

   Total revenue          362,046   1,606,868  1,296,826 3,211,197
   

Expenses:
  Operating (Note 7)      194,939     335,879    410,157   616,184
  Maintenance                 980      78,867     37,486   153,163
  General and administra-  
   tive (Note 7)           66,206     101,262    146,121   199,617
  Real estate taxes            40     246,810     86,038   551,268
  Management fees (Note 7)   -         70,193     24,736   141,838
  Depreciation               -        507,262       -    1,005,412
  
   Total expenses         262,165   1,340,273    704,538 2,667,482
  
     Income before gain on            
   sale of properties and 
   MBS                     99,881     266,595    592,288   543,715

     Gain on sale of
   properties (Note 3)      6,963        -     2,937,806      -

     Gain on sale of 
    MBS (Note 6)          186,092        -       186,092      -  


Net income             $  292,936  $  266,595 $3,716,186$  543,715

Allocation of net income
  (Note 5):

  Unitholders (4,000,000
   Units outstanding):
    Income before gain   
    on sale of properties  
    and MBS            $   97,881  $  261,256 $  580,428$  532,827
   Gain on sale of        
    properties              6,963        -     2,937,733      -
   Gain on sale of MBS    186,087        -       186,087      -  


     Net income        $  290,931  $  261,256 $3,704,248 $  532,827
     

</TABLE>
  





Continued
               KRUPP CASH PLUS LIMITED PARTNERSHIP

                    STATEMENTS OF OPERATIONS
                                       
(Unaudited)
<TABLE>
<CAPTION>
             For the Three Months       For the Six Months
                Ended June 30,      Ended June 30,      
              1998         1997       1998        1997  

  Per Unit of Depositary
   Receipt:
      Income before gain on
      sale of properties 
      <S>              <C>     <C>       <C>        <C>         
      and MBS          $ .02   $.06      $.15       $.13
     Gain on sale of 
     properties           -      -        .73        -
     Gain on sale of MBS .05     -        .05        -  


      Net income       $      .07  $      .06 $      .93$      .13

  Corporate Limited Partner 
   (100 Units outstanding):
     Income before gain on 
      sale of properties 
      and MBS          $        2  $        6 $       15$       13
     Gain on sale of 
      properties             -           -            73      -
     Gain on sale of MBS         5       -             5      -  


      Net income       $        7  $        6 $       93$       13

  General Partners:    
   Income before gain on 
     sale of properties 
      and MBS          $    1,998  $    5,333 $   11,845$   10,875
     Gain on sale of 
      properties             -           -          -         -  
     Gain on sale of MBS     -           -          -         -  


    Net income         $    1,998  $    5,333 $   11,845$   10,875

</TABLE>













                                





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

                    STATEMENTS OF CASH FLOWS
                                          
(Unaudited)

<TABLE>
<CAPTION>
                                             For the Six Months
                                                Ended June 30,    

                                              1998         1997   

Operating activities:
  <S>                                     <C>          <C> 
  Net income                              $ 3,716,186  $   543,715
  Adjustments to reconcile net income to net
     cash provided by operating activities:
      Depreciation                               -       1,005,412
      Amortization of MBS premium, net           -             961
      Gain on sale of MBS                    (186,092)       -
      Gain on sale of properties           (2,937,806)       -
      Changes in assets and liabilities:  
       Decrease (increase) in other assets    394,430     (109,771)
       Decrease in due to affiliates             -         (26,735)
       Increase (decrease) in accrued expenses 
          and other liabilities              (764,640)    249,377
  
            Net cash provided by operating
               activities                     222,078    1,662,959
  
Investing activities:
  Additions to fixed assets                  (620,948)    (91,079)
  Decrease in accrued expenses and other 
     liabilities for fixed asset additions       -         (10,564)
  Principal collections on MBS                231,292      293,974
  Proceeds from sale of MBS                 3,583,068         -
  Proceeds from sale of properties, net    30,185,685         -    
  
            Net cash provided by investing 
               activities                  33,379,097      192,331
  
Financing activity:
  Distributions                           (27,762,588) (1,123,555)

Net increase in cash and cash equivalents   5,838,587      731,735
  
Cash and cash equivalents, beginning of period 1,021,686  4,043,066
  
Cash and cash equivalents, end of period  $ 6,860,273  $ 4,774,801

</TABLE>













The accompanying notes are an integral
     part of the financial statements.
               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
necessary to present fairly the Partnership's
financial position as of June 30, 1998, its
results of operations for the three and six
months ended June 30, 1998 and 1997 and its
cash flows for the six months ended June 30,
1998 and 1997. 

The results of operations for the three and
six months ended June 30, 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 equivalents consisted of the following:
<TABLE>
<CAPTION>
                                        June 30,    December 31, 
                                          1998          1997     

      <S>                             <C>           <C>
      Cash and money market accounts  $  888,523    $ 1,021,686
      Commercial paper                 5,971,750          -    
   
                                      $6,860,273    $ 1,021,686
</TABLE>
(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 $2,937,806 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) Accrued Expenses and Other Liabilities

   Accrued expenses and other liabilities consisted of the
  following:
<TABLE>
<CAPTION>
                                         June 30, December 31, 
                                           1998       1997   

      <S>                              <C>        <C>
      Accrued real estate taxes        $ -        $ 588,000
      Deferred income and other accrued
        expenses                           92,906      214,043
      Tenant security deposits               -          55,293 
      Accounts payable                        125          335

                                       $   93,031  $   857,671
</TABLE>
                                       
(5)   Changes in Partners' Equity

   A summary of changes in Partners' equity (deficit) for the six
   months ended June 30, 1998 is as follows:
<TABLE>
<CAPTION>
                                               Unrealized
                                 Corporate              Holding  
                                 Limited     General    Gains on
                    Unitholders  Partner     Partners   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 gains on
  sale of properties
  and MBS              580,428       15         11,845     -         592,288

Unrealized holding
 gains on MBS             -           -           -    (169,521)    (169,521)

Gain on sale of
  properties         2,937,733          73        -        -       2,937,806

Gain on sale of MBS    186,087           5        -        -         186,092
                
Distributions:                                                                   
         
  Operations              (550,004)   (14)     (11,889)    -        (561,907)
  Capital Transaction  (27,200,001)  (680)        -        -     (27,200,681)

Balance at
  June 30, 1998       $  7,140,469$   408    $(283,658)    -     $ 6,857,219


</TABLE>








Continued
KRUPP CASH PLUS LIMITED PARTNERSHIP

NOTES TO FINANCIAL STATEMENTS, Continued

              

(6)Mortgage Backed Securities
                                          
On April 29, 1998, the General Partners sold
the Partnership's MBS portfolio to
unaffiliated third parties for $3,583,068.For
financial reporting purposes, the Partnership
recognized a gain of $186,092 on the sale. 
The gain was calculated as the difference
between the selling price and net book value
of the MBS.  
                                          
The MBS held by the Partnership were issued by
the Federal Home Loan Mortgage Corporation and
the Government National Mortgage Association. 
At December 31, 1997, the MBS had a total face
value, amortized cost and estimated market
value of $3,785,509, $3,628,268 and
$3,798,000, respectively.  Coupon rates of the
MBS ranged from 8.5% to 9.0% per annum and
were scheduled to mature in the years 2008
through 2017. At December 31, 1997, the
Partnership's MBS portfolio had unrealized
holding gains of $169,521 on its MBS
investments to adjust to market value, based
on quoted market prices.
                                          
(7)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    For the Six Months       
                 Ended June 30,            Ended June 30,  
                  1998        1997        1998        1997  

<S>                         <C>        <C>      <C>
Property management fees -  $ 70,193   $24,736  $141,838
      
Expense reimbursements   60,757 100,285 154,155  187,605

Charged to operations  $ 60,757$170,478$178,891 $329,443
</TABLE>
    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
    six months ended June 30, 1998.
<PAGE>
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.

On May 15, 1998, the Partnership made a
special distribution of $6.80 per Unit 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 and the Federal Home Loan Mortgage
Corporation.  On April 29, 1998, the General
Partners sold the Partnership's MBS portfolio
to unaffiliated third parties. For financial
reporting purposes, the Partnership recognized
a gain of $186,092 from the sale.  At December
31, 1997, the Partnership recorded unrealized
holding gains on its MBS of $169,521 to adjust
the investments to market value (see Note 6).























KRUPP CASH PLUS LIMITED PARTNERSHIP
       


Operations

The following discussion relates to the
operations of the Partnership for the three
and six months ended June 30, 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, and the sale of the Partnerships'
MBS portfolio on April 29, 1998, significantly
impacts the comparability of the Partnership's
operations between the periods.

Net income for the three and six months ended
June 30, 1998 as compared to the three and six
months ended June 30, 1997, net of activity of
the Partnership's sold properties and MBS
portfolio, 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 proceeds received
from the sale of the Partnership's properties
and MBS portfolio. 

Total expenses for the three and six months
ended June 30, 1998, net of activity of the
Partnership's sold properties, decreased when
compared to the same periods 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
Depositary 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
Response:  None

























<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: August 11, 1998