FORM 15.-CERTIFICATION AND NOTICE OF TERMINATION OF
           REGISTRATION UNDER SECTION 12(G) OR SUSPENSION OF DUTY TO
                FILE REPORTS UNDER SECTIONS 13 AND 13(D) OF THE
                            SECURITIES EXCHANGE ACT

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

                         Commission File Number 0-9508

                          PREFERRED PROPERTIES FUND 80
             (Exact name of registrant as specified in its charter)

                          One Insignia Financial Plaza
                                 P.O. Box 1089
                        Greenville, South Carolina 29602
                        Telephone Number (864) 239-1000
  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                     Units of Limited Partnership Interest
            (Title of each class of securities covered by this Form)

                                      None
  (Titles of all other classes of securities for which a duty to file reports
                      under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s)
         relied upon to terminate or suspend the duty to file reports:

               Rule 12g-4(a)(1)(i)  (x)         Rule 12h-3(b)(1)(i)     ( )
               Rule 12g-4(a)(1)(ii) ( )         Rule 12h-3(b)(2)(ii)    ( )
               Rule 12g-4(a)(2)(i)  ( )         Rule 12h-3(b)(2)(i)     ( )
               Rule 12g-4(a)(2)(ii) ( )         Rule 12h-3(b)(2)(ii)    ( )
                                                Rule 15d-6              ( )

Approximate number of holders of record as of the certification or notice date:
                                      None

     Pursuant to the requirements of the Securities Exchange Act of 1934
Preferred Properties Fund 80 has caused this certification/notice to be signed
on its behalf by the undersigned duly authorized person.

                                     PREFERRED PROPERTIES FUND 80

                                      BY:  MONTGOMERY REALTY COMPANY - 80,
                                           Its General Partner

                                      BY:  FOX REALTY INVESTORS,
                                           Managing General Partner of the
                                           General Partner

                                      BY:  NPI EQUITY INVESTMENTS II, INC.,
                                           Its Managing General Parnter

DATE: March 30, 1998                       BY:  /s/ William H. Jarrard, Jr.
                                           William H. Jarrard, Jr.
                                           President and Director

Instruction:  This form is required by Rules 12g-4, 12h-3 and 15d-6 of the
General Rules and Regulations under the Securities Exchange Act of 1934.  The
registrant shall file with the Commission three copies of Form 15, one of which
shall be manually signed.  It may be signed by an officer of the registrant, by
counsel or by any other duly authorized person. The name and title of the person
signing the form shall be typed under the signature.