5
                                
                                

                          UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                                
                            FORM 10-Q
                                
    [ X ]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934
               For the period ended March 31, 1998
                                
                               OR

    [   ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934
      For the transition period from ________ to ________.
                                
                Commission File Number:  0-18147

                                
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
 (Exact name of registrant as specified in governing instrument)


          Delaware                             13-3378315
        (State    of   organization)              (IRS   Employer
Identification No.)

     2 World Trade Center, New York, NY             10048
  (Address of principal executive offices)        (Zip Code)


Registrant's telephone number, including area code: (212)
392-1054

Former  name, former address and former fiscal year,  if  changed
since last report:  not applicable

Indicate  by 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
                                
<TABLE>
                 PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements
<CAPTION>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
                   CONSOLIDATED BALANCE SHEETS
                                
                                               March 31,
December 31,
                                                 1998      1997
<S>                                                         <C>
<C>
                             ASSETS

Cash and cash equivalents                    $   936,705    $
1,868,422

Investments in joint ventures                 36,154,386
35,449,866

Other assets                                     170,438
164,238

                                             $37,261,529
$37,482,526


                LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and accrued liabilities     $   342,822    $
389,627

Partners' capital (deficiency):
 General partners                             (5,434,565)
(5,417,146)
 Limited partners ($500 per Unit, 304,437 Units issued)
42,353,272                                    42,510,045

                                              36,918,707
37,092,899

                                             $37,261,529
$37,482,526

                                
                                
                                

                                







  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
                CONSOLIDATED STATEMENTS OF INCOME
                                
           Three months ended March 31, 1998 and 1997

<CAPTION>
                                                 1998      1997
<S>                                                         <C>
<C>
Revenues:
 Equity in earnings of joint ventures        $1,166,615     $
698,952
 Rental                                           -       877,627
 Interest and other                              15,364
191,080

                                              1,181,979
1,767,659

Expenses:
 Property operating                               -       362,028
 Amortization                                     -         5,729
 General and administrative                     118,127
132,639

                                                118,127
500,396

Income before minority interests              1,063,852
1,267,263

Minority interests                                -       227,045

Net income                                   $1,063,852
$1,040,218

Net income allocated to:
 Limited partners                            $  957,467     $
936,196
 General partners                               106,385
104,022

                                             $1,063,852
$1,040,218

Net income per Unit of limited partnership interest    $     3.15
$     3.08











  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
           CONSOLIDATED STATEMENT OF PARTNERS' CAPITAL
                                
                Three months ended March 31, 1998
                                
<CAPTION>
                                    Limited    General
                                    Partners   Partners
Total
<S>                                                    <C>  <C>
<C>
Partners' capital (deficiency)
 at January 1, 1998                $42,510,045
$(5,417,146)                       $37,092,899

Net income                             957,467
106,385                              1,063,852

Cash distributions                  (1,114,240)
(123,804)                           (1,238,044)

Partners' capital (deficiency)
 at March 31, 1998                 $42,353,272
$(5,434,565)                       $36,918,707


























                                
                                
                                
  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
              CONSOLIDATED STATEMENTS OF CASH FLOWS
                                
           Three months ended March 31, 1998 and 1997
                                
<CAPTION>
                                                 1998      1997
<S>                                                         <C>
<C>
Cash flows from operating activities:
 Net income                                  $ 1,063,852    $
1,040,218
 Adjustments to reconcile net income to net cash
  provided by operating activities:
   Equity in earnings of joint ventures       (1,166,615)
(698,952)
   Amortization                                    -
5,729
   Minority interests in joint ventures' operations          -
227,045
   (Increase) decrease in other assets            (6,200)
151,058
   (Decrease) increase in accounts payable and accrued
     liabilities                                 (46,805)
273,180

      Net cash (used in) provided by operating activities
(155,768)                                         998,278

Cash flows from investing activities:
 Distributions from joint ventures               864,415
1,146,286
 Additional investments in joint ventures       (402,320)
(85,493)

      Net cash provided by investing activities
462,095                                         1,060,793

Cash flows from financing activities:
 Cash distributions                           (1,238,044)
(34,676,967)
 Minority interests in joint ventures' distributions          -
(17,983,025)
 Additional investments by minority interests                 -
4,233

      Net cash used in financing activities   (1,238,044)
(52,655,759)

Decrease in cash and cash equivalents           (931,717)
(50,596,688)

Cash and cash equivalents at beginning of period
1,868,422                                      56,199,072

Cash and cash equivalents at end of period   $   936,705    $
5,602,384







        See accompanying notes to consolidated financial
                           statements.
     </TABLE>
    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements
                           
1. The Partnership

Dean  Witter  Realty Income Partnership IV,  L.P.  (the
"Partnership") is a limited partnership organized under
the laws of the State of Delaware on October 31, 1986.

The   consolidated  financial  statements  include  the
accounts of the Partnership and its majority-controlled
subsidiaries, Technology Park Associates  (inactive  in
1998)  and  Lake  Colorado  Associates,  the  owner  of
Pasadena Financial Center.  The Partnership's interests
in   Taxter   Corporate  Park  and   DWR   Chesterbrook
Associates  ("Associates"), the partnership which  owns
an  interest  in  Chesterbrook  Corporate  Center,  are
accounted for on the equity method.

The Partnership's records are maintained on the accrual
basis  of  accounting for financial and  tax  reporting
purposes.

Net  income per Unit amounts are calculated by dividing
net income allocated to Limited Partners, in accordance
with the Partnership Agreement, by the weighted average
number of Units outstanding.

In   the   opinion  of  management,  the   accompanying
financial  statements,  which have  not  been  audited,
include  all  adjustments, consisting  only  of  normal
recurring  accruals, necessary to  present  fairly  the
results for the interim period.

The  Partnership adopted Financial Accounting Standards
Board   Statement  No.  130,  "Reporting  Comprehensive
Income"  and  Statement  No.  131,  "Disclosures  about
Segments  of  an  Enterprise and  Related  Information"
during  the first quarter of 1998.  Adoption  of  these
standards   had   no   impact  on   the   Partnership's
computation or presentation of net income per  Unit  of
Limited Partnership interest or other disclosures.



    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements

These   financial   statements  should   be   read   in
conjunction  with the annual financial  statements  and
notes  thereto  included  in the  Partnership's  annual
report  on  Form  10-K filed with  the  Securities  and
Exchange  Commission for the year  ended  December  31,
1997.  Operating results of interim periods may not  be
indicative  of  the operating results  for  the  entire
year.

2. Investments in Joint Ventures

Pursuant to a Purchase and Sale Agreement dated  as  of
February   10,  1998  (the  "Agreement"),  as  amended,
Associates  sold the Chesterbrook Corporate  Park  (the
"Property")   to   FV   Office   Partners,   L.P.,   an
unaffiliated  party.   As part of the  Agreement,  Dean
Witter  Income  Partnership III,  L.P.,  an  affiliated
public  partnership,  and  Dean  Witter  Realty  Income
Partnership  II, L.P. an affiliated public partnership,
also  sold  certain  other properties.   The  aggregate
negotiated  sales  price  of the  properties  sold  was
approximately  $168  million,  of  which  approximately
$126.1  million was allocated in the Agreement  to  the
Property.

Pursuant to the Agreement, escrows were established for
the  costs of certain building improvements and  tenant
improvements  (the  "Improvements").   In  addition  to
payment of the purchase price, at closing the Purchaser
deposited   into   these  escrows  approximately   $3.9
million, of which approximately $2.3 million relates to
the Property.  Any balances remaining in the portion of
the   escrows  relating  to  the  Property  after   the
Improvements   are  completed  will  be  delivered   to
Associates.   If  the  costs  of  Improvements  at  the
Property  exceed the escrow established  therefor,  the
Partnership,  through Associates, will be  required  to
fund the excess costs.

The  purchase price was received in cash at closing  on
April  1, 1998.  The Partnership's 41.2% share  of  the
cash received by Associates, net of closing costs,  was
approximately   $51.4  million;  such   proceeds   were
distributed    100%    to    the    Limited    Partners

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements

($168.94  per  Unit) on April 30, 1998.  At  March  31,
1998,   the   Partnership's  investment  in  Associates
approximated $27.2 million.

Summarized  financial information of Associates  is  as
follows:
<TABLE>
<CAPTION>
                                    Quarter ended March
31,
                                       1998      1997
<S>                                          <C>  <C>
Revenues                           $3,626,521
$3,368,965

Expenses                            1,122,426
1,932,089

Net income                         $2,504,095
$1,436,876
</TABLE>
In 1998, Associates accounted for its investment in the
property  as  real estate held for sale.   Accordingly,
Associates did not record depreciation expense  on  the
property and related improvements in 1998 (such expense
was approximately $730,000 in 1997).

Summarized   financial  information  of   Taxter   Park
Associates,  the  general partnership  which  owns  the
Taxter Corporate Park property, is as follows:
<TABLE>
<CAPTION>                           Quarter ended March
31,
                                       1998      1997
<S>                                          <C>  <C>
Revenues                           $1,409,492
$1,327,022

Expenses                            1,077,158
1,063,577

Net income                         $  332,334     $
263,445
</TABLE>
3. Related Party Transactions

In  1998 and 1997, an affiliate of the Managing General
Partner  provided  property  management  services   for
Taxter  Corporate  Park  and  five  buildings  at   the
Chesterbrook  Corporate Center.  The  Partnership  paid
the   affiliate   management  fees   of   approximately

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements

$25,000  and  $31,000 for the three months ended  March
31,  1998  and 1997, respectively.  These amounts  were
recorded  as  expenses  of  the  joint  ventures.    In
addition,  in 1997, the Partnership paid this affiliate
approximately  $14,000 (included in property  operating
expenses) for managing Pasadena Financial Center.

Another  affiliate  of  the  Managing  General  Partner
performs  administrative functions, processes  investor
transactions  and  prepares  tax  information  for  the
Partnership.  For the three-month periods  ended  March
31,   1998   and   1997,   the   Partnership   incurred
approximately  $71,000  and $75,000,  respectively  for
these  services. These amounts are included in  general
and administrative expenses.

As   of  March  31,  1998,  the  affiliates  were  owed
approximately $30,000 for these services.
                           
4. Litigation

Various  public partnerships sponsored by  Dean  Witter
Realty Inc. (including the Partnership and its Managing
General  Partner)  are defendants  in  purported  class
action  lawsuits  pending in state and federal  courts.
The  complaints  allege a number of  claims,  including
breach of fiduciary duty, fraud, misrepresentation  and
related claims, and seek compensatory and other damages
and   equitable  relief.  The  defendants   intend   to
vigorously   defend  against  these  actions.   It   is
impossible  to predict the effect, if any, the  outcome
of  these  actions  might  have  on  the  Partnership's
financial statements.

5. Distributions

On  April  30,  1998, the Partnership  paid  the  first
quarter  cash  distribution of $2.74 per  Unit  to  the
Limited  Partners.   The  cash distribution  aggregated
$926,841  with  $834,157  distributed  to  the  Limited
Partners and $92,684 to the General Partners.
    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

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

Liquidity and Capital Resources

The   Partnership  raised  $152,218,500  in  a   public
offering of 304,437 units which was terminated in 1988.
The  Partnership  has  no  plans  to  raise  additional
capital.

The  Partnership made four investments in  partnerships
which own interests in properties on an all-cash basis.
The Partnership's acquisition program is completed.  No
additional investments are planned.

One  of  the partnerships in which the Partnership  has
invested sold its property interest in 1996 and another
sold  its  property interest in 1997.  The  partnership
which  owns the Chesterbrook Corporate Center sold  the
property to an unaffiliated party on April 1, 1998 (see
Note  2  to  the  consolidated  financial  statements).
Partnership cash flows from this property interest were
approximately  $555,000 and $895,000 during  the  three
months  ended  March 1998 and 1997,  respectively.   On
April    30,    1998,   the   Partnership   distributed
approximately  $51.4 million ($168.94  per  Unit),  its
share  of  net proceeds from the sale, 100% to  Limited
Partners.

The Partnership which owns the Taxter Corporate Park is
currently  marketing the property for  sale,  with  the
objective  of completing a sale of the property  during
the  third quarter of 1998.  There is no assurance that
the Partnership will be able to achieve this objective.

Employment  growth,  especially in the  communications,
technology  and  financial  services  industries,   has
increased  demand  for  space in many  office  markets.
Such  increasing  demand  and a  controlled  amount  of
speculative  construction  has  resulted   in   falling
vacancies   and   rising  rents.    Improved   property
performance along with an influx of capital from REITs,
pension  funds  and  foreign investors  are  increasing
property      values.      Some     office     markets,

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

especially  suburban markets, are  faring  better  than
others   and,   in   certain  areas,  improved   market
conditions  can  support new construction.   Currently,
the  office  vacancy rates in both the west Westchester
County,  New  York  market,  the  location  of   Taxter
Corporate  Park,  and  the Valley  Forge,  Pennsylvania
market,  the location of Chesterbrook Corporate Center,
are less than 10% and rental rates in these markets are
increasing.

Currently,  the  Partnership's liquidity  is  primarily
affected by sales of properties by the partnerships  in
which   the  Partnership  has  invested;  as   property
interests  are sold, the Partnership has  fewer  income
producing investments, Partnership cash from operations
decreases  and Partnership distributions  to  investors
will  decline. The Partnership will also  require  less
cash  reserves to fund capital expenditures and leasing
commissions.     Effective   April   1,    1998,    the
Partnership's  interest in the Taxter property  is  the
Partnership's  sole  property  interest.   Future  cash
distribution  levels  will  fluctuate  based   on   the
Partnership's share of this property's cash  flow  from
operations,  requirements for capital expenditures  and
leasing commissions, and sales proceeds.

During  the  three  months ended March  31,  1998,  the
Partnership's  investments  in  the  Chesterbrook   and
Taxter  properties generated positive  cash  flow  from
operations,  and  it  is anticipated  that  the  Taxter
property  will continue to do so during the period  the
Partnership continues to own the property interest.

During   the  three  months  ended  March   31,   1998,
distributions to investors and contributions  to  joint
ventures   exceeded  cash  flow  from  operations   and
distributions from joint ventures.  This shortfall  was
funded from cash reserves.  The Partnership reduced the
first  quarter distribution (paid April  30,  1998)  to
$2.74 per Unit.

The  Partnership currently has minimal  cash  reserves,
and  the  Managing General Partner expects that  future
quarterly distributions will be paid only to the extent
that  the  Partnership receives distributions from  the
Taxter joint venture.
    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

During  the  three  months ended March  31,  1998,  the
Partnership contributed approximately $402,000  to  the
joint  ventures,  primarily for its  share  of  capital
expenditures at the Chesterbrook joint venture.

As  of  March 31, 1998, the Partnership had commitments
to  fund  approximately $225,000, its share of  capital
expenditures  to  the  Taxter  Corporate   Park   joint
venture.

On  April  30,  1998, the Partnership  paid  the  first
quarter  cash  distribution to Limited  Partners.   The
total   cash  distribution  aggregated  $926,841   with
$834,157  distributed  to  the  Limited  Partners   and
$92,684 to the General Partners.

Except  as  discussed  above and  in  the  consolidated
financial  statements, the Managing General Partner  is
not  aware  of  any  trends or events,  commitments  or
uncertainties  that  may  have  a  material  impact  on
liquidity.

Operations

Fluctuations in the Partnership's operating results for
the  three-months ended March 31, 1998 compared to  the
three-months  ended  March  31,  1997  were   primarily
attributable to the following:

The   absence  of  rental  income,  property  operating
expenses,  amortization expense and minority  interests
for  the three-months ended March 31, 1998 were due  to
the April 10, 1997 sale of Pasadena Financial Center.

Since  the  partnership  which owned  the  Chesterbrook
Corporate Center classified the property as real estate
held  for  sale  on December 31, 1997, no  depreciation
expense  was recorded at the property in  1998.   As  a
result,  the Partnership's equity in earnings of  joint
venture increased by approximately $300,000 in 1998.

Interest  and other income decreased in 1998  primarily
because  of  lower average cash balances in  1998.   In
1997,   the  Partnership  received  interest   on   the
investment    of   the   cash   proceeds    from    the

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

December 1996 sale of the Technology Park Reston office
park  until  such proceeds were distributed to  Limited
Partners on January 31, 1997.

There  were  no other individually significant  factors
which caused changes in revenues or expenses.

During  the first quarter of 1998, the overall  vacancy
level  in the office market in Westchester County,  New
York,  the location of Taxter Corporate Park,  remained
at  17%  and  the vacancy level in the west Westchester
market in which the building is located decreased  from
11% to 9%.  During the first quarter of 1998, occupancy
at  the  property remained at 100%. Leases  aggregating
approximately 15% and 11% of the property's  space  are
scheduled to expire in 1999 and 2000, respectively.

Inflation

Inflation has been consistently low during the  periods
presented in the financial statements and, as a result,
has  not had a significant effect on the operations  of
the Partnership or its properties.
    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

PART II - OTHER INFORMATION

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

       a)  Exhibits.
            An exhibit index has been filed as part  of
this                Report on Page E1.

                b)   Reports on Form 8-K.
                     None.


    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           

                      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.

                              DEAN WITTER REALTY INCOME
PARTNERSHIP IV, L.P.

                         By:   Dean Witter Realty
Fourth                             Income Properties
Inc.
                              Managing General Partner


Date:   May  14,  1998       By:        /s/E.  Davisson
Hardman, Jr.
                              E. Davisson Hardman, Jr.
                              President


Date:  May 14, 1998      By:       /s/Lawrence Volpe
                              Lawrence Volpe
                              Controller
                               (Principal Financial and
Accounting Officer)

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           

             Quarter Ended March 31, 1998

                    Exhibit Index



Exhibit
  No.                       Description

 27                  Financial Data Schedule




























                          E1