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

                                   FORM 10-Q


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

For the quarterly period ended    September 30, 1996                         

                                      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          2-68727        


                            Krupp Associates 1980-1


            Massachusetts                                        04-2708956
(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      
<PAGE>

                        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 ASSOCIATES 1980-1 AND SUBSIDIARY

                          CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                             

                                    ASSETS

                                                September 30,  December 31,
                                                    1996          1995   
<S>                                             <C>            <C>
Multi-family apartment complex, net of
   accumulated depreciation of $2,682,241                      
   and $2,549,375, respectively                 $ 2,105,856    $ 2,180,147
Cash                                                 36,985         11,153
Cash restricted for tenant security deposits         34,831         37,288
Escrow for property replacements                     54,585         45,427
Prepaid expenses and other assets                   134,776         79,852
Deferred expenses, net of accumulated
   amortization of $36,308 and $33,165,
   respectively                                     110,317        113,460

      Total assets                              $ 2,477,350    $ 2,467,327


                       LIABILITIES AND PARTNERS' DEFICIT

Mortgage note payable                           $ 2,219,585    $ 2,231,009
Notes payable                                     1,257,385      1,257,385
Accounts payable                                     59,828        117,977
Accrued expenses and other liabilities              279,242        230,299
Accrued interest due to affiliate (Note 3)          608,119        519,325

      Total liabilities                           4,424,159      4,355,995
 
Partners' deficit (Note 2):

   Class A Limited Partners                     
      (4,000 Units outstanding)                    (228,972)      (176,645)
   Original Limited Partner                        (431,848)      (426,615)
   General Partners                              (1,285,989)    (1,285,408)

      Total Partners' deficit                    (1,946,809)    (1,888,668)

      Total liabilities and Partners' deficit   $ 2,477,350    $ 2,467,327
</TABLE>
   
                    The accompanying notes are an integral
                part of the consolidated financial statements.
<PAGE>
                    KRUPP ASSOCIATES 1980-1 AND SUBSIDIARY 

                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                             
<TABLE>
<CAPTION>
                                 For the Three Months     For the Nine Months
                                  Ended September 30,     Ended September 30,
                                   1996        1995        1996        1995  
 
<S>                              <C>         <C>         <C>         <C>
Revenue:
   Rental                        $275,187    $262,750    $831,260    $772,722
   Other income                       608       3,244       1,884       3,972

      Total revenue               275,795     265,994     833,144     776,694

Expenses:                                    
   Operating                       97,929      93,705     292,640     272,685
   Maintenance                     29,953      33,040      59,552      63,736
   Real estate taxes               32,683      33,600     102,384      92,313
   Depreciation and 
      amortization                 46,691      47,040     136,009     136,557 

   General and administrative       8,664      12,992      28,264      30,818 
   Interest (Note 3)               90,833      92,898     272,436     278,890
   
      Total expenses              306,753     313,275     891,285     874,999
   
Net loss                         $(30,958)   $(47,281)   $(58,141)   $(98,305)
   
Allocation of net loss
   (Note 2):

   Class A Limited Partners      $(27,862)   $(42,553)   $(52,327)   $(88,475)

   Per Unit of Class A Limited
      Partner Interest (4,000
      Units outstanding)         $  (6.96)   $ (10.64)   $ (13.08)   $ (22.12)

   Original Limited Partner      $ (2,787)   $ (4,255)   $ (5,233)   $ (8,847)
   
   General Partners              $   (309)   $   (473)   $   (581)   $   (983)
</TABLE>
   
                      The accompanying notes are an integral
                  part of the consolidated financial statements.
<PAGE>
                    KRUPP ASSOCIATES 1980-1 AND SUBSIDIARY

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                             
<TABLE>
<CAPTION>
                                                        For the Nine Months
                                                        Ended September 30, 
                                                         1996         1995   

<S>                                                   <C>          <C>
Operating activities:                                           
   Net loss                                           $ (58,141)   $ (98,305)
   Adjustments to reconcile net loss to net cash
      provided by operating activities:                         
         Depreciation and amortization                  136,009      136,557
         Decrease in cash restricted for
            tenant security deposits                      2,457        2,957
         Increase in prepaid expenses and other
            assets                                      (54,924)     (38,783)
         Decrease in accounts payable                   (59,362)     (63,189)
         Increase in accrued expenses and other
            liabilities                                  48,943       26,244
         Increase in interest due to affiliate           88,794       94,059

               Net cash provided by operating
                  activities                            103,776       59,540

Investing activities:
   Additions to fixed assets                            (58,575)     (58,507)
   Increase in accounts payable for fixed asset
      additions                                           1,213         -
   Increase in escrow for property replacements          (9,158)     (14,075)

               Net cash used in investing activities    (66,520)     (72,582)

Financing activity:
   Principal payments on mortgage notes payable         (11,424)     (10,290)
      
Net increase (decrease) in cash                          25,832      (23,332)

Cash, beginning of period                                11,153       44,832
Cash, end of period                                   $  36,985    $  21,500
     
</TABLE>
                    The accompanying notes are an integral
                part of the consolidated financial statements.

<PAGE>
                    KRUPP ASSOCIATES 1980-1 AND SUBSIDIARY

                  NOTES TO CONSOLIDATED 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
    Associates 1980-1 and Subsidiary (the "Partnership"), the disclosures
    contained in this report are adequate to make the information presented
    not misleading.  See Notes to Consolidated Financial Statements included
    in the Partnership's Annual Report on Form 10-K for the year ended
    December 31, 1995 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 consolidated financial statements reflect all
    adjustments (consisting of only normal recurring accruals) necessary to
    present fairly the Partnership's consolidated financial position as of
    September 30, 1996, its results of operations for the three and nine
    months ended September 30, 1996 and 1995, and its cash flows for the nine
    months ended September 30, 1996 and 1995.  Certain prior year balances
    have been reclassified to conform with current year consolidated
    financial statement presentation.

    The results of operations for the three and nine months ended September
    30, 1996 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) Summary of Changes in Partners' Deficit

    A summary of changes in Partners' deficit for the nine months ended
    September 30, 1996 is as follows:

<TABLE>
<CAPTION>
                                           Class A     Original     Total
                             General       Limited     Limited      Partners'
                             Partners      Partners    Partner      Deficit  

   <S>                     <C>            <C>         <C>         <C>
    Balance at
       December 31, 1995   $(1,285,408)   $(176,645)  $(426,615)  $(1,888,668)

    Net loss                      (581)     (52,327)     (5,233)      (58,141)

    Balance at 
       September 30, 1996  $(1,285,989)   $(228,972)  $(431,848)  $(1,946,809)

</TABLE>

(3) Related Party Transactions

    Interest on borrowings accrued to the General Partners or their
    affiliates  was $29,723 and $88,794 for the three and nine months ended
    September 30, 1996, respectively, and $31,381 and $94,059 for the three
    and nine months ended September 30, 1995, respectively.
<PAGE>

                    KRUPP ASSOCIATES 1980-1 AND SUBSIDIARY
                                            

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

The Partnership's ability to generate cash adequate to meet its needs is
dependent primarily upon the operating performance of Riverside Apartments
("Riverside").  Such ability is also dependent upon the future sale of the
asset.  These sources of liquidity could be used by the Partnership for
payment of expenses related to real estate operations, debt service and
expenses.  Cash Flow and Capital Transaction Proceeds, if any, as calculated
under Section 8.2(a) ("Cash Flow") and 8.3(a) of the Partnership Agreement
would then be available for distribution to the Partners.  The Partnership has
discontinued distributions due to insufficient operating Cash Flow.  

The Partnership has experienced Cash Flow deficiencies for several years and
currently has very limited liquidity.  Expenditures are being monitored
closely, and capital improvements are made on an as-needed basis.  To date,
the General Partners have been able to arrange financing through borrowings
from an affiliate of the General Partners to cover a substantial portion of
these Cash Flow deficiencies.  Also, one of the General Partners, The Krupp
Company Limited Partnership ("The Krupp Company"), contributed an additional
$100,000 to the Partnership during 1991.  In January 1993, The Krupp Company
loaned an additional $135,000 to the Partnership in the form of a demand note
to payoff a demand note from an unaffiliated bank.  In addition, the affiliate
lender has been willing to defer interest payments on the borrowings since
late 1990.  Furthermore, the General Partners, through annual negotiations,
have continued to arrange for the waiver of property management fees and
expense reimbursements payable to the management agent, also an affiliate of
the General Partners.  

The General Partners cannot guarantee that they will be able to take actions
that will cover any future operating deficits.  If the property is unable to
generate funds sufficient to cover these deficits, the Partnership could
default on its mortgage payments and become subject to foreclosure
proceedings.  However, the Partnership is current on its mortgage payments. 
In January 1996, the General Partners entered into a purchase and sale
agreement for the sale of Riverside to an unaffiliated buyer scheduled in the
second quarter of 1996 for the selling price of $4,500,000. Two weeks before
the scheduled sale date, the buyer rescinded his offer. The General Partners
continue to actively pursue other opportunities for the sale of the property. 

Cash Flow

Shown below, as required by the Partnership Agreement, is the calculation of
Cash Flow of the Partnership for the nine months ended September 30, 1996. 
The General Partners provide certain of the information below to meet
requirements of the Partnership Agreement and because they believe that it is
an appropriate supplemental measure of operating performance.  However, Cash
Flow (Deficit) should not be considered by the reader as a substitute to net
income (loss), as an indicator of the Partnership's operating performance or
to cash flows as a measure of liquidity.
<TABLE>
<CAPTION>
                                                          Rounded to $1,000

   <S>                                                       <C>
   Net loss for tax purposes                                 $(56,000)

   Items not requiring or (requiring) the use of
   operating funds:                                          
      Tax basis depreciation and amortization                 134,000         
      Principal payments on mortgage                          (11,000)
      Expenditures for capital improvements                   (59,000)
      Additions to working capital reserves                    (8,000)

   Cash Flow                                                 $  -0-  

</TABLE>
Operations

Cash Flow, before additions to working capital reserves, increased in the
first three quarters of 1996 as compared to the same period in 1995.  The
increase is attributable to increases in revenue which more than offset the
increase in expenses.  In comparing the increase in revenue for the three and
nine months ended September 30, 1996 to 1995, Riverside experienced an
increase in rental revenue due to both increases in residential rental rates
and a rise in commercial occupancy from an average occupancy rate of 93% to
100%, for the three months ended September 30, 1995 and 1996, respectively,
and 90% to 100% for the nine months ended September 30, 1995 and 1996,
respectively.

Total expenses remained stable for the three months ended September 30, 1996
and 1995. For the nine months ended September 30, 1996 and 1995, total
expenses increased due to increases in operating and real estate tax expenses. 
The increase in operating expense is related to an increase in utility
expense.  Real estate tax expense increased due to an adjustment of 1995 taxes
recorded in the second quarter of 1996.

General

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",
which is effective for fiscal years beginning after December 15, 1995, the
Partnership has implemented policies and practices for assessing impairment of
its real estate asset.

The investment in the property is carried at cost less accumulated
depreciation unless the General Partners believe there is a significant 
impairment in value, in which case a provision to write down investment in the
property to fair value will be charged against income.  At this time, the
General Partners do not believe that any assets of the Partnership are
significantly impaired.
<PAGE>
                    KRUPP ASSOCIATES 1980 -1 AND SUBSIDIARY

                          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 Associates 1980-1
                                           (Registrant)


                                      BY:  /s/Robert A. Barrows                
                                           Robert A. Barrows
                                           Treasurer and Chief Accounting
                                           Officer of The Krupp Corporation, a
                                           General Partner.


DATE: November 4, 1996