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    September 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)
                                        September 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)        6,865,705   1,021,686
Other assets                                 93,989     566,679

    Total assets                        $ 6,959,694 $31,930,813


LIABILITIES AND PARTNERS' EQUITY

</TABLE>
<TABLE>
<CAPTION>
       

<S>                                            <C>     <C>
Accrued expenses and other liabilities (Note 4)$47,966 $ 857,671
      
Partners' equity (deficit) (Note 5):
  Unitholders (4,000,000 Units outstanding)  7,193,886 31,186,226
  Corporate Limited Partner (100 Units
  outstanding)                                  409       1,009
  General Partners                         (282,567)   (283,614)
  Unrealized holding gains on MBS (Note 6)       -       169,521

    Total Partners' equity                6,911,728  31,073,142

    Total liabilities and Partners' 
        equity                          $ 6,959,694 $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 Nine Months
                        Ended September 30,   Ended September 30, 
                          1998         1997      1998       1997 


Revenue:
  <S>                  <C>         <C>        <C>       <C>
  Rental               $     -     $1,345,323 $  579,497$4,250,279
  Interest income - MBS
   (Note 6)                  -         82,083     84,033   260,807
  Interest income - other135,724      74,551     769,020   202,068

   Total revenue          135,724   1,501,957  1,432,550 4,713,154
   

Expenses:
  Operating (Note 7)         -        225,248    410,157   841,432
  Maintenance                -         66,242     37,486   219,405
  General and administra-  
   tive (Note 7)           81,215      73,600    227,336   273,217
  Real estate taxes          -        257,426     86,038   808,694
  Management fees (Note 7)   -         74,350    24,736   216,188
  Depreciation               -        522,376       -    1,527,788
  
   Total expenses          81,215   1,219,242   785,753   3,886,724
  
     Income before gain on            
   sale of properties and 
   MBS                     54,509    282,715     646,797   826,430

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

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


Net income             $   54,509  $  282,715 $3,770,695$  826,430

Allocation of net income
  (Note 5):

  Unitholders (4,000,000
   Units outstanding):
    Income before gain   
    on sale of properties  
    and MBS            $   53,417  $  277,054 $  633,845$  809,881
   Gain on sale of        
    properties               -           -     2,937,733      -
   Gain on sale of MBS       -           -       186,087      -  


     Net income        $   53,417  $  277,054 $3,757,665 $  809,881
     

</TABLE>
  





Continued
               KRUPP CASH PLUS LIMITED PARTNERSHIP

                    STATEMENTS OF OPERATIONS
                                       
(Unaudited)

<TABLE>
<CAPTION>
                         For the Three Months  For the Nine Months
                        Ended September 30,    Ended September 30,

                          1998       1997        1998       1997 


  Per Unit of Depositary
   Receipt:
  Income before gain on sale of properties 
      <S>               <C>        <C>     <C>           <C>       
      and MBS           $    .01   $   .07 $         .16 $   .20
     Gain on sale of 
      properties              -          -           .73      -
     Gain on sale of MBS      -          -           .05      -  


      Net income       $      .01  $      .07 $      .94$      .20

  Corporate Limited Partner 
   (100 Units outstanding):
     Income before gain on 
      sale of properties 
      and MBS          $     1     $        7 $       16$       20
     Gain on sale of 
      properties             -           -            73      -
     Gain on sale of MBS     -           -             5      -  


      Net income       $        1  $        7 $       94$       20

  General Partners:    
   Income before gain on 
     sale of properties 
      and MBS          $    1,091  $    5,654 $   12,936$   16,529
     Gain on sale of 
      properties             -           -          -         -  
     Gain on sale of MBS     -           -          -         -  


    Net income         $    1,091  $    5,654 $   12,936$   16,529

</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 Nine Months
                                              Ended September 30, 

                                              1998         1997   

Operating activities:
  <S>                                     <C>          <C> 
  Net income                              $ 3,770,695  $   826,430
  Adjustments to reconcile net income to net
     cash provided by operating activities:
      Depreciation                               -       1,527,788
      Amortization of MBS premium, net           -           1,885
      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    390,418     (115,716)
       Decrease in due to affiliates             -         (26,735)
       Increase (decrease) in accrued expenses 
          and other liabilities              (809,705)    587,344
  
            Net cash provided by operating
               activities                     227,510    2,800,996
  
Investing activities:
  Additions to fixed assets                  (620,948)   (731,821)
  Decrease in accrued expenses and other 
     liabilities for fixed asset additions       -         (42,759)
  Principal collections on MBS                231,292      502,081
  Proceeds from sale of MBS                 3,583,068         -
  Proceeds from sale of properties, net    30,185,685         -    
  
            Net cash provided by (used in) 
               investing activities        33,379,097     (272,499)
  
Financing activity:
  Distributions                           (27,762,588) (1,687,326)

Net increase in cash and cash equivalents   5,844,019      841,171
  
Cash and cash equivalents, beginning of period 1,021,686  4,043,066
  
Cash and cash equivalents, end of period  $ 6,865,705  $ 4,884,237

</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 September 30, 1998,
its results of operations for the three and
nine months ended September 30, 1998 and 1997
and its cash flows for the nine months ended
September 30, 1998 and 1997. 

The results of operations for the three and
nine months ended September 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>
                                      September 30, December 31, 
                                          1998          1997     

      <S>                             <C>           <C>
      Cash and money market accounts  $   893,347   $ 1,021,686
      Commercial paper                  5,972,358         -    
   
                                      $ 6,865,705   $ 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>
                                      September 30, December 31, 
                                           1998        1997   

      <S>                             <C>          <C>
      Accrued real estate taxes       $     -      $   588,000
      Deferred income and other accrued
        expenses                            47,841     214,043
      Tenant security deposits                -         55,293 
      Accounts payable                         125         335

                                      $     47,966 $   857,671
</TABLE>
                                      
(5)   Changes in Partners' Equity

   A summary of changes in Partners' equity (deficit) for the nine
   months ended September 30, 1998 is as follows:

<TABLE>
<CAPTION>
                                               Unrealized
                                 Corporate              Holding  
                                 Limited     General    Gains
                    Unitholders  Partner     Partners   on 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               633,845      16         12,936     -         646,797

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
 September 30, 1998   $  7,193,886  $  409   $(282,567)    -     $ 6,911,728
</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 Nine Months
                 Ended September 30,     Ended September 30,
                 1998           1997      1998            1997

<S>                     <C>   <C>       <C>          <C>
Property management fees$ -   $ 74,350  $ 24,736     $216,188
      
Expense reimbursements  60,756   96,490          214,911   284,095

Charged to operations  $ 60,756 $170,840        $239,647  $500,283
</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 nine
    months ended September 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 nine months ended September 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 nine months ended
September 30, 1998 as compared to the three
and nine months ended September 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 nine months
ended September 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 primarily 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: November 10, 1998
<PAGE>