
<TABLE> <S> <C>

<ARTICLE> 5
<CIK> 0000761648
<NAME> CEDAR INCOME FUND, LTD.
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1997
<CASH>                                         529,293
<SECURITIES>                                         0
<RECEIVABLES>                                  141,321
<ALLOWANCES>                                    39,013
<INVENTORY>                                          0
<CURRENT-ASSETS>                               884,019
<PP&E>                                      18,620,560
<DEPRECIATION>                               3,867,371
<TOTAL-ASSETS>                              16,239,138
<CURRENT-LIABILITIES>                          296,507
<BONDS>                                      1,417,885
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     2,245,411
<OTHER-SE>                                  12,279,335
<TOTAL-LIABILITY-AND-EQUITY>                16,239,138
<SALES>                                              0
<TOTAL-REVENUES>                               560,915
<CGS>                                                0
<TOTAL-COSTS>                                  346,273
<OTHER-EXPENSES>                                56,198
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              34,237
<INCOME-PRETAX>                                124,207
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            124,207
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   124,207
<EPS-PRIMARY>                                      .06
<EPS-DILUTED>                                      .06
        

</TABLE>
