<ARTICLE> 5
<CIK> 0000763978
<NAME> CAPITAL BUILDERS DEVELOPMENT PROPERTIES

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                       1,135,259
<SECURITIES>                                         0
<RECEIVABLES>                                    3,371
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,138,630
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,138,630
<CURRENT-LIABILITIES>                          169,022
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                 1,138,630
<SALES>                                              0
<TOTAL-REVENUES>                               571,716
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               322,592
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             304,350
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                               1,098,441
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,043,215
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0