<TABLE> <S> <C>

<ARTICLE>                     5
<LEGEND>
                              THIS   SCHEDULE    CONTAINS   SUMMARY    FINANCIAL
                              INFORMATION EXTRACTED FROM THE BALANCE SHEET AS OF
                              JUNE 30, 1998 AND THE  STATEMENT OF INCOME FOR THE
                              SIX MONTHS ENDED JUNE 30, 1998 AND IS QUALIFIED IN
                              ITS  ENTIRETY  BY  REFERENCE  TO  SUCH   FINANCIAL
                              STATEMENTS.
</LEGEND>
<CIK>                         820806
<NAME>                        PARTICIPATING INCOME PROPERTIES II, L.P.
<MULTIPLIER>                  1
<CURRENCY>                    U.S. DOLLARS
       
<S>                           <C>
<PERIOD-TYPE>                 6-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1998
<PERIOD-START>                                                       JAN-01-1998
<PERIOD-END>                                                         JUN-30-1998
<EXCHANGE-RATE>                                                                1
<CASH>                                                                 4,009,516
<SECURITIES>                                                                   0
<RECEIVABLES>                                                            202,300
<ALLOWANCES>                                                                   0
<INVENTORY>                                                                    0
<CURRENT-ASSETS>                                                               0
<PP&E>                                                                69,547,068
<DEPRECIATION>                                                        22,023,018
<TOTAL-ASSETS>                                                        51,745,397
<CURRENT-LIABILITIES>                                                          0
<BONDS>                                                                        0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<COMMON>                                                                       0
<OTHER-SE>                                                            49,044,110
<TOTAL-LIABILITY-AND-EQUITY>                                          51,745,397
<SALES>                                                                        0
<TOTAL-REVENUES>                                                       5,025,796
<CGS>                                                                          0
<TOTAL-COSTS>                                                          1,752,969
<OTHER-EXPENSES>                                                               0
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                             0
<INCOME-PRETAX>                                                        3,272,827
<INCOME-TAX>                                                                   0
<INCOME-CONTINUING>                                                    3,272,827
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                                0
<CHANGES>                                                                      0
<NET-INCOME>                                                           3,272,827
<EPS-PRIMARY>                                                              39.51
<EPS-DILUTED>                                                                  0
        

</TABLE>