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, 2003
                                                 -------------

                        Commission File Number: 0-11909
                                                -------

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



         Delaware                                         16-1212761
         --------                                         ----------
(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
                                            -------------------------------------

                                                                                  (Unaudited)
                                                                                   June 30,                   December 31,
                                                                                     2003                         2002
                                                                              --------------------         -------------------
<S>                                                                             <C>                                 <C>
                     Assets
--------------------------------------------------
Property and equipment, all held for sale                                       $       4,743,805                   4,718,207
Less accumulated depreciation                                                           2,531,480                   2,531,480
                                                                              --------------------         -------------------
                                                                                        2,212,325                   2,186,727
Cash and equivalents                                                                      219,156                     235,302
Other assets                                                                              196,308                     170,867
                                                                              --------------------         -------------------
     Total assets                                                               $       2,627,789                   2,592,896
                                                                              ====================         ===================

        Liabilities and Partners' Equity
--------------------------------------------------
Mortgage loan payable                                                                      45,643                      73,058
Accounts payable and accrued expenses                                                      82,948                      81,681
Other liabilities                                                                          88,046                     100,174
Equity in losses of unconsolidated joint ventures
     in excess of investment                                                            1,099,757                   1,112,413
Partners' equity                                                                        1,311,395                   1,225,570
                                                                              --------------------         -------------------
     Total liabilities and partners' equity                                     $       2,627,789                   2,592,896
                                                                              ====================         ===================
</TABLE>
<TABLE>
<CAPTION>
                           Condensed Consolidated Statements of Operations
                           -----------------------------------------------
                                            (Unaudited)


                                                          Three months ended June 30,           Six months ended June 30,
                                                     ------------------------------------  ----------------------------------
                                                            2003              2002              2003              2002
                                                     ------------------- ----------------  ---------------- -----------------
<S>                                                     <C>                      <C>               <C>               <C>
Rental income                                           $       215,657          222,586           428,073           442,453
Other income                                                      7,294            2,790            12,595             6,067
                                                     ------------------- ----------------  ---------------- -----------------
     Total income                                               222,951          225,376           440,668           448,520
                                                     ------------------- ----------------  ---------------- -----------------
Property operating costs                                        140,552          135,048           281,386           272,957
Administrative expense - affiliates                              30,570           31,049            65,018            61,346
Other administrative expense                                     28,052           51,421            70,504            82,806
Interest                                                          1,141            4,844             2,591            10,597
                                                     ------------------- ----------------  ---------------- -----------------
     Total expenses                                             200,315          222,362           419,499           427,706
                                                     ------------------- ----------------  ---------------- -----------------
Operating income                                                 22,636            3,014            21,169            20,814
Equity in earnings of joint ventures                             24,515           34,261            64,656            60,065
                                                     ------------------- ----------------  ---------------- -----------------
     Net income                                         $        47,151           37,275            85,825            80,879
                                                     =================== ================  ================ =================
Net income per limited partnership unit                 $          4.57             3.62              8.33              7.85
                                                     =================== ================  ================ =================
Weighted average limited partnership units
     outstanding                                                 10,000           10,000            10,000            10,000
                                                     =================== ================  ================ =================
</TABLE>




                                       2
<PAGE>
<TABLE>
<CAPTION>
                                       Condensed Consolidated Statements of Cash Flows
                                       -----------------------------------------------
                                                         (Unaudited)
                                                                                             Six months ended June 30,
                                                                                      ----------------------------------------
                                                                                             2003                 2002
                                                                                      -------------------   ------------------
<S>                                                                                    <C>                             <C>
Cash provided (used) by:
Operating activities:
     Net income                                                                        $          85,825               80,879
     Adjustments:
       Equity in earnings of joint ventures                                                      (64,656)             (60,065)
       Other, principally changes in other assets and liabilities                                (36,302)             (26,460)
                                                                                      -------------------   ------------------
          Net cash used in operating activities                                                  (15,133)              (5,646)
                                                                                      -------------------   ------------------
Investing activities:
     Additions to property and equipment                                                         (25,598)              (2,056)
     Distributions from joint venture                                                             52,000               43,000
                                                                                      -------------------   ------------------
          Net cash provided by investing activities                                               26,402               40,944
                                                                                      -------------------   ------------------
Financing activities - principal payments on mortgage loans                                      (27,415)             (93,014)
                                                                                      -------------------   ------------------
Net decrease in cash and equivalents                                                             (16,146)             (57,716)
Cash and equivalents at beginning of period                                                      235,302              330,328
                                                                                      -------------------   ------------------
Cash and equivalents at end of period                                                  $         219,156              272,612
                                                                                      ===================   ==================
</TABLE>
                   Notes to Consolidated Financial Statements
                     Six months ended June 30, 2003 and 2002
                                   (Unaudited)

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

Realmark Property Investors Limited Partnership - II (the Partnership), a
Delaware limited partnership was formed on March 25, 1982, 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 receive compensation for
services rendered and reimbursement for expenses incurred on behalf of the
Partnership.

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

The accompanying unaudited interim consolidated financial statements have been
prepared in accordance with accounting principles generally accepted in the
United States of America and the instructions to Form 10-Q. Accordingly, they do
not include all of the information and notes required by accounting principles
generally accepted in the United States of America for complete financial
statements. The balance sheet at December 31, 2002 has been derived from the
audited financial statements at that date. In the opinion of management, all
adjustments (consisting of normal recurring adjustments) considered necessary
for a fair presentation, have been included. The Partnership's significant
accounting policies are set forth in its December 31, 2002 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.

                                       3
<PAGE>
Property and Equipment
----------------------

At June 30, 2003, the Partnership owned and operated an office complex in
Michigan (Northwind Office Park), and was a partner in two joint ventures. It
has a 50% interest in Research Triangle Industrial Park Joint Venture with the
other 50% owned by Realmark Property Investors Limited Partnership - VI A (RPILP
- VI A), an entity affiliated through common general partners. It also has a 50%
interest in Research Triangle Land Joint Venture.

All of the Partnership and venture properties are being actively marketed for
sale and therefore, are not being depreciated. Depreciation expense not recorded
during the three and six month periods ended June 30, 2003 was approximately
$46,000 and $92,000, respectively. Depreciation expense not recorded during the
three and six month periods ended June 30, 2002 and was approximately $46,000
and $92,000, respectively.

Investment in Research Triangle Industrial Park Joint Venture
-------------------------------------------------------------

The Venture owns and operates the Research Triangle Industrial Park West, an
office/warehouse facility located in Durham County, North Carolina. Summary
financial information of the Venture follows:
<TABLE>
<CAPTION>
                                                  Balance Sheet Information
                                                  -------------------------
                                                                                   June 30,
                                                                                     2003                  December 31, 2002
                                                                             ---------------------        ---------------------
<S>                                                                             <C>                                  <C>
            Net property, held for sale                                         $       1,473,368                    1,473,368
            Cash and equivalents                                                            6,308                       34,606
            Escrow deposits                                                               882,514                      861,615
            Other assets                                                                  262,930                      272,481
                                                                             ---------------------        ---------------------
                 Total assets                                                   $       2,625,120                    2,642,070
                                                                             =====================        =====================
            Liabilities:
                 Mortgage loan payable                                                  5,111,810                    5,161,824
                 Accounts payable and accrued expenses                                    145,597                      140,633
                                                                             ---------------------        ---------------------
                                                                                        5,257,407                    5,302,457
                                                                             ---------------------        ---------------------
            Partners' deficit:
                 The Partnership                                                       (1,216,728)                  (1,230,778)
                 RPILP VI - A                                                          (1,415,559)                  (1,429,609)
                                                                             ---------------------        ---------------------
                                                                                       (2,632,287)                  (2,660,387)
                                                                             ---------------------        ---------------------
                 Total liabilities and partners' deficit                        $       2,625,120                    2,642,070
                                                                             =====================        =====================
</TABLE>
















                                      4
<PAGE>
<TABLE>
<CAPTION>
                                              Operating Information
                                              ---------------------


                                              Three months ended June 30,            Six months ended June 30,
                                          ----------------------------------    ----------------------------------
                                                2003             2002                2003              2002
                                          ----------------- ----------------    ---------------- -----------------
<S>                                        <C>                      <C>                 <C>               <C>
          Rental income                    $       199,500          199,907             399,000           361,646
          Other                                     50,773           47,283              98,717            94,988
                                          ----------------- ----------------    ---------------- -----------------
               Total income                        250,273          247,190             497,717           456,634
                                          ----------------- ----------------    ---------------- -----------------
          Property operating costs                  73,900           42,033             115,996            80,293
          Interest                                 106,856          108,276             213,149           216,405
          Administrative                            19,093           28,841              36,472            39,022
                                          ----------------- ----------------    ---------------- -----------------
               Total expenses                      199,849          179,150             365,617           335,720
                                          ----------------- ----------------    ---------------- -----------------
               Net income                  $        50,424           68,040             132,100           120,914
                                          ================= ================    ================ =================
          Allocation of net income:
               The Partnership                      25,212           34,020              66,050            60,457
               RPILP VI - A                         25,212           34,020              66,050            60,457
                                          ----------------- ----------------    ---------------- -----------------
                                           $        50,424           68,040             132,100           120,914
                                          ================= ================    ================ =================
</TABLE>


































                                       5
<PAGE>
Current Accounting Pronouncements
---------------------------------

Statements of Financial Accounting Standards (SFAS) Nos. 145, 146, 147, and 148
which concern accounting for gains and losses from the extinguishments of debt,
exit or disposal activities, acquisitions of certain financial institutions, and
accounting for stock-based compensation, respectively, became effective for the
Partnership on January 1, 2003 and did not have any effect on the Partnership's
consolidated financial statements.

In April 2003, the Financial Accounting Standards Board issued SFAS No. 149
"Amendment of Statement 133 on Derivative Instruments and Hedging Activities."
This statement is effective for contract and hedging relationships entered into
or modified after June 30, 2003. In May 2003, the Financial Accounting Standards
Board issued SFAS No. 150 "Accounting for Certain Financial Instruments with
Characteristics of both Liabilities and Equities." This statement is effective
for financial instruments entered into or modified after May 31, 2003 and is
effective for all other financial instruments as of the first interim period
beginning after June 15, 2003. The Partnership does not believe that either
statement will have a material impact on its consolidated financial statements.

In January 2003, the Financial Accounting Standards Board issued Interpretation
No. 46, "Consolidation of Variable Interest Entities." The Partnership does not
believe that the Interpretation will have a material impact on its consolidated
financial statements.


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

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

Effective January 1, 2001, management began formally marketing all remaining
properties in the Partnership for sale. The Partnership continues to maintain a
cash position adequate to fund capital improvements and to make scheduled debt
payments. Cash decreased approximately $16,000 during the first six months of
2003. The Partnership made no distributions to limited partners in the first six
months of 2003. In accordance with the settlement of the lawsuit (Part II, Item
1), it is anticipated that with the sale of the remaining property and joint
ventures, the Partnership may be in a position to make distributions to the
limited partners.

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

As compared to the first six months of 2002, the Partnership's income, excluding
equity in earnings from joint ventures, increased approximately 2% from income
of $20,800 in 2002 to a net income of $21,200 in 2003.

Rental income decreased approximately 3% as compared to the first six months of
2002, due to a decrease in occupancy at Northwind. Other income increased by
approximately $7,000 in 2003.

Total expenses decreased approximately $8,000. Property operations increased
approximately $8,000 due primarily to an increase in payroll at Northwind. Other
administrative expense, decreased approximately $12,000 due to decreased legal
and professional fees. Administrative expense to affiliated parties increased
approximately $4,000 due to portfolio management expenses. Interest expense
decreased approximately $8,000 due to a larger portion of each mortgage payment
being applied to the principal and the final payment on one of the mortgages at
Northwind in October 2002.

                                       6
<PAGE>
PART I - Item 3.  Quantitative and Qualitative Disclosures About Market Risk
                  ----------------------------------------------------------

The Partnership invests only in short term money market instruments, in amounts
in excess of daily working cash requirements. The rates of earnings on those
investments increase or decrease in line with general movement of interest. The
mortgage loans on the Partnership's properties are fixed-rate and therefore, is
not subject to market risk.

PART I - Item 4.  Controls and Procedures
                  -----------------------

Within the 90 days prior to the filing date of this report, the Partnership
carried out an evaluation, under the supervision and with the participation of
the Partnership's management, including Joseph M. Jayson (the Partnership's
Individual General Partner and Principal Financial Officer), of the
effectiveness of the design and operation of the Partnership's disclosure
controls and procedures. Based upon that evaluation, the Principal Financial
Officer concluded that the Partnership's disclosure controls and procedures are
effective. There have been no significant changes in the Partnership's internal
controls or in other factors that could significantly affect these controls
subsequent to the date of the evaluation.

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings
         -----------------

As previously reported, the Partnership, as a nominal defendant, the General
Partners of the Partnership and of affiliated public partnerships (the "Realmark
Partnerships") and the officers and directors of the Corporate General Partner,
as defendants, had been involved in a class action litigation in New York State
court. The Partnership's settlement of this litigation is described in its
Annual Report on Form 10-K for the year ended December 31, 2002.

Item 6.  Exhibits and Reports on Form 8-K
         --------------------------------

         (a)  Exhibits

              31.  Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
                   Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 is
                   filed herewith.

              32.  Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
                   Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 is
                   filed herewith.

         (b) Reports on 8-K

             None.
                                   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 - II

              August 14, 2003                    /s/ Joseph M. Jayson
              ---------------                    --------------------
                    Date                         Joseph M. Jayson,
                                                 Individual General Partner and
                                                 Principal Financial Officer
                                       7