FORM 10-Q

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


                Quarterly Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


For the quarterly period ended June 30, 2001

Commission File Number: 0-14386


               REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP IV
               --------------------------------------------------
             (Exact name of registrant as specified in its charter)



       Delaware                                     16-1245153
-----------------------                 ---------------------------------
(State of organization)                 (IRS Employer Identification No.)


2350 North Forest Road, Suite 12A,Getzville, New York 14068
-----------------------------------------------------------
(Address of principal executive offices)

(716) 636-0280
--------------
(Registrant's telephone number)

Indicate by a check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes  [X]  No  [ ]



<PAGE>
Part I - FINANCIAL INFORMATION
------------------------------
Item 1. Financial Statements
<TABLE>
<CAPTION>
                                     Condensed Consolidated Balance Sheets
                                     -------------------------------------

                                                                              June 30,             December 31,
                                                                                2001                   2000
                                                                          --------------        ----------------
<S>                                                                          <C>                      <C>
                     Assets
                     ------
Cost of property and equipment held for sale                                 $5,121,009               5,121,009
Less accumulated depreciation                                                 2,497,483               2,497,483
                                                                          --------------        ----------------
                                                                              2,623,526               2,623,526
Cash and equivalents                                                             83,066                  88,453
Other assets                                                                    114,593                  65,733
                                                                          --------------        ----------------
     Total assets                                                            $2,821,185               2,777,712
                                                                          ==============        ================

        Liabilities and Partners' Deficit
        ---------------------------------
Mortgage loan payable                                                         3,928,160               3,941,815
Accounts payable and accrued expenses                                           301,521                 250,855
Payable to affiliates                                                         1,596,886               1,466,355
Other liabilities                                                                73,351                  69,993
Partners' deficit                                                            (3,078,733)             (2,951,306)
                                                                          --------------        ----------------
     Total liabilities and partners' deficit                                 $2,821,185               2,777,712
                                                                          ==============        ================
</TABLE>
<TABLE>
<CAPTION>
                                     Condensed Consolidated Statements of Operations
                                     -----------------------------------------------

                                                        Three months ended June 30,        Six months ended June 30,
                                                    ---------------------------------   ------------------------------
                                                          2001             2000              2001            2000
                                                    ---------------- ----------------   -------------  ---------------
<S>                                                        <C>               <C>             <C>              <C>
Rental income                                              $258,546          263,682         492,404          519,036
Other income                                                 14,133           10,379          18,823           44,428
                                                    ---------------- ----------------   -------------  ---------------
     Total income                                           272,679          274,061         511,227          563,464
                                                    ---------------- ----------------   -------------  ---------------
Property operating costs                                    118,188          173,576         278,539          330,968
Depreciation                                                      -           54,082               -           54,082
Administrative expense - affiliates                          34,771           32,094          57,880           60,577
Other administrative expense                                 31,714           49,672          58,245           82,732
Interest - affiliates                                        40,609           31,115          77,144           80,984
Mortgage loan interest                                       84,944          108,769         166,846          218,772
                                                    ---------------- ----------------   -------------  ---------------
     Total expenses                                         310,226          449,308         638,654          828,115
                                                    ---------------- ----------------   -------------  ---------------
     Net loss                                              ($37,547)        (175,247)       (127,427)        (264,651)
                                                    ================ ================   =============  ===============
Net loss per limited partnership unit                        ($1.56)           (7.28)          (5.29)          (10.99)
                                                    ================ ================   =============  ===============
Weighted average limited partnership units                   23,366           23,366          23,366           23,366
                                                    ================ ================   =============  ===============
</TABLE>

                                       2

<PAGE>
<TABLE>
<CAPTION>
                                     Condensed Consolidated Statements of Cash Flows
                                     -----------------------------------------------

                                                                               Six months ended June 30,
                                                                            -------------------------------
                                                                                 2001           2000
                                                                            ---------------- --------------
<S>                                                                              <C>              <C>
Operating activities:
     Net loss                                                                    ($127,427)       (264,651)
     Adjustments:
       Depreciation and amortization                                                     -          86,052
       Increase (decrease) in payable to affiliates                                130,551      (1,347,977)
       Other, principally changes in other assets and liabilities                    5,144           9,473
                                                                            ---------------- --------------
          Net cash provided (used) by operating activities                           8,268      (1,517,103)
Net cash used by investing activities -
     additions to property and equipment                                                 -          (2,656)
Net cash used by financing activities -
     principal payments on mortgage loans and
     mortgage acquisition costs                                                    (13,655)        (25,000)
                                                                            ---------------- --------------
Net decrease in cash and equivalents                                                (5,387)     (1,544,759)
Cash and equivalents at beginning of period                                         88,453       1,686,913
                                                                            ---------------- --------------
Cash and equivalents at end of period                                              $83,066         142,154
                                                                            ================ ==============
</TABLE>

                          Notes to Financial Statements
                             June 30, 2001 and 2000

Organization
------------

Realmark Property Investors Limited Partnership - IV (the Partnership), a
Delaware limited partnership, was formed on February 12, 1985, to invest in a
diversified portfolio of income producing real estate investments. The general
partners are Realmark Properties, Inc. (the corporate general partner) and
Joseph M. Jayson (the individual general partner). Joseph M. Jayson is the sole
stockholder of J.M. Jayson & Company Inc. Realmark Properties, Inc. is a
wholly-owned subsidiary of J.M. Jayson & Company, Inc. Under the partnership
agreement, the general partners and their affiliates can receive compensation
for services rendered and reimbursement for expenses incurred on behalf of the
Partnership.

Basis of Presentation
---------------------

The accompanying interim financial statements have been prepared in accordance
with generally accepted accounting principles and, in the opinion of management,
contain all necessary adjustments for a fair presentation, on a going concern
basis. The Partnership has sustained recurring losses from operations and has
experienced operating cash flow difficulties. While efforts to improve operating
results continue, the plan to sell the Partnership's remaining property also
continues. The financial statements do not include any adjustments that might
result from the outcome of the sale and the subsequent dissolution of the
Partnership.

The Partnership's significant accounting policies are set forth in its December
31, 2000 Form 10-K. The interim financial statements should be read in
conjunction with the financial statements included therein. The interim results
should not be considered indicative of the annual results. Certain
reclassifications of prior period numbers may have been made to conform to the
current period presentation.

                                       3

<PAGE>
Property and Equipment
----------------------

Since 1998, the Partnership's only property, the Andover Park apartment complex,
has been actively marketed for sale. At June 30, 2001, the property is the
subject of a contingent $5,200,000 sales agreement that, if closed, will result
in a gain in the range of $2.2 to $2.4 million and net proceeds of approximately
$1 million, which will not be sufficient to satisfy all of the Partnership's
liabilities. Depreciation expense not recorded in each of the 2001 and 2000
three and six month periods was approximately $44,000 and $88,000.

Contingency
-----------

The Partnership, as a nominal defendant, the General Partners of the Partnership
and the officers and directors of the Corporate General Partner, as defendants,
were served with a Summons and Complaint on April 7, 2000 in a class and
derivative lawsuit instituted by Ira Gaines and on August 8, 2000 in a class and
derivative lawsuit instituted by Sean O'Reilly and Louise Homburger, each in
Supreme Court, County of Erie, State of New York. In September 2000, the Court
signed an order consolidating these lawsuits. The consolidated lawsuit alleges
claims of mismanagement and improper use of partnership funds relating to the
Realmark Partnerships. The consolidated lawsuit seeks declaratory relief,
unspecified damages, a receiver, an order liquidating the partnership, punitive
damages, attorneys' fees and related relief. The defendants deny any liability
and intend to vigorously defend this lawsuit. Because of the early stage of this
lawsuit and because there has been no discovery to date, legal counsel cannot
render an opinion as to the likely outcome of this case. The possible effect of
this contingency is not presently determinable and, therefore, the consolidated
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

Current Accounting Pronouncements
---------------------------------

Statements of Financial Accounting Standards Nos. 138 and 133, which concern
accounting for derivative instruments and hedging activities, became effective
for the Partnership on January 1, 2001 and did not have any effect on the
Partnership's financial statements.


PART I - Item 2.  Management's Discussion and Analysis of Financial Condition
                  -----------------------------------------------------------
                  and Results of Operations
                  -------------------------

Liquidity and Capital Resources
-------------------------------

The Partnership continues to incur losses and operating cash flow deficits and
relies on its corporate general partner and its affiliates to cover cash
shortages. It is unlikely that the net proceeds from the eventual sale of the
Andover Park property will be sufficient to repay the entire amount of advances
from affiliates and, therefore, no distributions to partners are anticipated.

During 1999, the Partnership sold Woodbridge Manor Apartments for $6,400,000.
The sale resulted in a $1,131,370 gain for financial statement purposes. In the
first quarter of 2000, a portion of the sale proceeds was used to reduce the
Partnership's liability to affiliated parties.

Results of Operations
---------------------

For the three and six months ended June 30, 2001, the Partnership's operations,
which exclude depreciation charges, resulted in net losses of $38,000 and
$127,000, respectively, as compared to net losses before depreciation in the
same 2000 periods of $121,000 and $210,000. The principal reason for the
improvement was lower property operating costs that were $55,000 less than the
2000 second quarter and $52,000 less for the half year. Administrative expenses
were lower in the 2001 periods, primarily because of decreases in fees and
taxes. Interest expense on the debt payable to affiliates increased in the
second quarter as the amount of that debt grew. The decrease in mortgage loan
interest in the quarter and half year is primarily due to completion of the
amortization of deferred mortgage acquisition costs in 2000.

                                       4
<PAGE>
During most of the first half and second quarter of 2001, occupancy at Andover
Park continued at a relatively low rate of approximately 80%, the occupancy rate
at December 31, 2000. Toward the end of the second quarter the rate rose.
Therefore, rental income decreased compared to rental income in the 2000 periods
when occupancy was higher at approximately 88%. Other income was constant in the
2001 quarter, but was lower in the six months ended June 30, 2001 because in the
2000 period, interest income was earned on the temporary investment of the net
proceeds from the Woodbridge Manor sale. No such funds were available for
investment in 2001.


PART I - Item 3.  Quantitative and Qualitative Disclosures About Market Risk
                  ----------------------------------------------------------

The Partnership's cash equivalents are short-term, interest-bearing bank
accounts and its mortgage loan is fixed-rate. It has not entered into any
derivative contracts. Therefore, it has no market risk exposure.

                                   SIGNATURES
                                   ----------

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

REALMARK PROPERTY INVESTORS LIMITED PARTNERHIP IV


              August 14, 2001                /s/ Joseph M. Jayson
              ---------------                --------------------
                   Date                      Joseph M. Jayson,
                                             Individual General Partner and
                                             Principal Financial Officer





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