<TABLE> <S> <C>


<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from Southeastern
Income Properties Limited Partnership and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1
       
<S>                                                              <C>
<PERIOD-TYPE>                                                    12-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1998
<PERIOD-START>                                                       JAN-01-1998
<PERIOD-END>                                                         DEC-31-1998
<CASH>                                                                   893,371 <F1>
<SECURITIES>                                                                   0
<RECEIVABLES>                                                                  0
<ALLOWANCES>                                                                   0
<INVENTORY>                                                                    0
<CURRENT-ASSETS>                                                               0
<PP&E>                                                                 5,309,649
<DEPRECIATION>                                                        (2,215,533)
<TOTAL-ASSETS>                                                         4,282,394
<CURRENT-LIABILITIES>                                                          0
<BONDS>                                                                2,698,428
<COMMON>                                                                       0
<PREFERRED-MANDATORY>                                                          0
<PREFERRED>                                                                    0
<OTHER-SE>                                                             1,287,995
<TOTAL-LIABILITY-AND-EQUITY>                                           4,282,394
<SALES>                                                                        0
<TOTAL-REVENUES>                                                       8,500,195 <F2>
<CGS>                                                                          0
<TOTAL-COSTS>                                                          2,897,008
<OTHER-EXPENSES>                                                               0
<LOSS-PROVISION>                                                               0
<INTEREST-EXPENSE>                                                       536,681
<INCOME-PRETAX>                                                        5,036,132
<INCOME-TAX>                                                                   0
<INCOME-CONTINUING>                                                    5,036,132
<DISCONTINUED>                                                                 0
<EXTRAORDINARY>                                                         (205,920)
<CHANGES>                                                                      0
<NET-INCOME>                                                           4,830,162
<EPS-PRIMARY>                                                              95.39
<EPS-DILUTED>                                                              95.39
<FN>
<F1>
Cash includes $293,363 of restricted cash.
<F2>
Includes $4,740,546 of gain on sale of properties.
</FN>
        


</TABLE>