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 September 30, 1995

                                  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          
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                       PART I - FINANCIAL INFORMATION

Item 1. Financial Statements
                                      
DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

                         CONSOLIDATED BALANCE SHEETS
<CAPTION>
                                             September 30,        December 31, 
                                                 1995                1994      

                                       
                                   ASSETS
<S>                                         <C>                  <C>           
Cash and cash equivalents, at cost,
which approximates market                    $  6,401,126         $  6,168,565 

Real estate, at cost:
Land                                            8,984,865            8,984,865 
Buildings and improvements                     85,225,104           84,844,156 
                                               94,209,969           93,829,021 
Accumulated depreciation                       18,753,892           16,766,957 
                                               75,456,077           77,062,064 

Investments in joint ventures                  54,157,411           55,074,536 

Deferred expenses, net                          1,314,287            1,364,966 

Other assets                                    2,254,851            1,806,054 

  
                                             $139,583,752         $141,476,185 

                      LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and accrued liabilities     $    728,158         $    443,389 

Minority interests in consolidated                                             
joint ventures                                 29,547,622           30,193,571 
                                               30,275,780           30,636,960 
Partners' capital (deficiency):                           
General partners                               (2,585,973)          (2,432,847)
Limited partners ($500 per Unit, 
     304,437 Units issued)                                  111,893,945               113,272,072 
                                                            109,307,972               110,839,225 
       
                                                           $139,583,752              $141,476,185 
                                                 
                   See accompanying notes to consolidated financial statements.
/TABLE
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<TABLE>
                                   DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                                          
                                          CONSOLIDATED STATEMENTS OF INCOME

                               Three and nine months ended September 30, 1995 and 1994
<CAPTION>                                                 
                                                        Three months ended                   Nine months ended
                                                          September 30,                         September 30,       
                                                       1995          1994                   1995          1994     
                                                                                                           
<S>                                       <C>           <C>              <C>          <C>    
Revenues:
  Rental                                             $2,074,814      $2,174,827           $6,074,499      $6,492,006
  Equity in earnings of joint ventures                  554,136         948,066            1,826,099       2,342,904
  Interest and other                                    111,345          76,258              329,137         194,720
                                                      2,740,295       3,199,151            8,229,735       9,029,630


Expenses:
  Property operating                                    343,625         393,112            1,034,433       1,179,342
  Depreciation                                          665,143         718,299            1,986,935       2,152,427
  Amortization                                           45,898          51,541              137,821         153,953
  General and administrative                            143,007          82,309              431,626         384,971
                                                      1,197,673       1,245,261            3,590,815       3,870,693

Income before minority interests                      1,542,622       1,953,890            4,638,920       5,158,937

Minority interests                                      383,657         370,742            1,096,222       1,099,128

Net income                                           $1,158,965      $1,583,148           $3,542,698      $4,059,809

Net income allocated to:
  Limited partners                                   $1,043,068      $1,424,833           $3,188,428      $3,653,828
  General partners                                      115,897         158,315              354,270         405,981
                                                     $1,158,965      $1,583,148           $3,542,698      $4,059,809

Net income per Unit of limited
  partnership interest                                    $3.43           $4.68               $10.47          $12.00

                            See accompanying notes to consolidated financial statements.
/TABLE
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<TABLE>
                          DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

                            CONSOLIDATED STATEMENT OF PARTNERS' CAPITAL

                               Nine months ended September 30, 1995



<CAPTION>
                                                 Limited            General                       
                                                 Partners           Partners             Total    
<S>                                          <C>                 <C>          
Partners' capital (deficiency)
  at January 1, 1995                          $113,272,072        $(2,432,847)       $110,839,225 

Net income                                       3,188,428            354,270           3,542,698 

Cash distributions                              (4,566,555)          (507,396)         (5,073,951)

Partners' capital (deficiency)
  at September 30, 1995                       $111,893,945        $(2,585,973)       $109,307,972 











                   See accompanying notes to consolidated financial statements.
/TABLE
<PAGE>
<TABLE>
                          DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

                               CONSOLIDATED STATEMENTS OF CASH FLOWS

                           Nine months ended September 30, 1995 and 1994

                                                                     1995               1994    
<S>                                                             <C>               <C>           
Cash flows from operating activities:
  Net income                                                     $  3,542,698      $  4,059,809 
  Adjustments to reconcile net income to net
  cash provided by operating activities:
    Depreciation                                                    1,986,935         2,152,427 
    Amortization                                                      137,821           153,953 
    Minority interest in joint ventures' operations                 1,096,222         1,099,128 
    Equity in earnings of joint ventures                           (1,826,099)       (2,342,904)
    Increase in operating assets:
      Other assets                                                   (448,797)         (474,465)
      Deferred expenses                                               (87,142)          (51,783)
    Increase in operating liabilities:
      Accounts payable and accrued liabilities                        284,769              8,903

        Net cash provided by operating activities                   4,686,407          4,605,068

Cash flows from investing activities:
  Additions to buildings & improvements                              (380,948)       (1,255,661)
  Investments in joint ventures                                    (1,060,988)         (769,855)
  Distributions from joint ventures                                 3,804,212         3,829,182 

        Net cash provided by investing activities                   2,362,276         1,803,666 

Cash flows from financing activities:
  Cash distributions                                               (5,073,951)       (5,073,951)
  Additional investments by minority interests                        204,484           575,275 
  Minority interests in joint ventures' distributions              (1,946,655)       (1,861,686)

        Net cash used in financing activities                      (6,816,122)       (6,360,362)
          
Increase in cash and cash equivalents                                 232,561            48,372 

Cash and cash equivalents at beginning of period                    6,168,565         7,166,996 

Cash and cash equivalents at end of period                       $  6,401,126      $  7,215,368 

                   See accompanying notes to consolidated financial statements.
/TABLE
<PAGE>
                      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 and Lake Colorado Associates, the owner of Pasadena Financial
Center.  The Partnership's interests in Taxter Corporate Park and 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 periods.

The Partnership does not expect that adoption of SFAS 121 regarding
impairment of the Partnership's assets will have a significant impact on
the Partnership's financial statements.

2.   Related Party Transactions

An affiliate of the Managing General Partner provided property management
services for two properties and for five buildings at the Chesterbrook
Corporate Center as of September 30, 1995 and 1994.  The Partnership paid
the affiliate management fees of approximately $128,000 and $130,000 for
the nine months ended September 30, 1995 and 1994, respectively.

Another affiliate of the Managing General Partner performs administrative
functions, processes investor transactions and prepares tax information
for the Partnership.  For each of the nine-month periods ended September
30, 1995 and 1994, the Partnership incurred approximately $302,000 for
these services.  

As of September 30, 1995, the affiliates were owed approximately $48,000
for these services.

3.   Subsequent Event
     
On October 30, 1995, the Partnership paid a cash distribution of $5.00
per Unit to the Limited Partners.  The total cash distribution amounted
to $1,691,317, with $1,522,185 distributed to the Limited Partners and
$169,132 to the General Partners.
<PAGE>
                      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 has made four investments in partnerships, which own
interests in properties, on an all-cash basis.  The Partnership's
acquisition program has been completed.  No additional investments are
planned.

Many real estate markets are stabilizing.  Continued space absorption and
restrained construction have reduced vacancy levels of office properties
in certain markets.  With the substantial amount of office space still
available however, office rental rates are improving only modestly and
in select regions.  At current rental rates, significant office
construction activity is considered unlikely in the near-term in all but
a few markets. 

Real estate markets are generally divided into sub-markets by geographic
location and property type.  Not all sub-markets have been affected
equally by the above factors.

The Partnership's liquidity depends upon cash flow from operations of its
properties (including those in which it is an equity investor, as well
as those it owns), expenditures for tenant improvements and leasing
commissions in connection with the leasing of vacant space. During the
nine months ended September 30, 1995, all of the Partnership's property
investments generated positive cash flow from operations, and it is
anticipated that they will continue to do so.

During the nine months ended September 30, 1995, the Partnership's cash
flow from operations and distributions from joint ventures exceeded
distributions to investors and capital expenditures. 

Countrywide Credit Industries, Inc., the largest tenant at Pasadena
Financial Center, is consolidating its operations in Pasadena,  and the
partnership which owns the property agreed to a restructuring of its
lease with Countrywide.  Effective January 1, 1995, Countrywide was
allowed to give back approximately 35% of the space it leased, and its
base rent was slightly reduced on its remaining space (approximately 36%
of the property) over the next six years, in exchange for an extension
of the lease term on the remaining space for ten years, to September
2011.  The Partnership completed this restructuring without incurring any
new tenant improvement obligations on the space, and at below-market
leasing commission rates.  After 2004, rents will increase ten percent
for the remainder of the lease term.  Considering the market and economic
conditions in Pasadena, CA at the time of the extension and the credit-
worthiness of Countrywide, the Managing General Partner considers the
terms of the new agreement favorable.  The cash flow from this property
is expected to be stable for a total of sixteen years at a higher level
than comparable current market rents.

Pasadena Financial Center has experienced non-critical damage to the
exterior walls.  The Partnership's share of the costs to repair such
damage is anticipated to exceed $420,000; the repair work is expected to
begin in 1996.  The partnership which owns the property does not expect
to receive any insurance proceeds for this damage; however, in 1994, it
initiated a lawsuit against the original building contractor and
architect to seek recovery of these costs.  The Partnership also expects
to fund up to $238,000 at Pasadena Financial Center to upgrade the
building's fire/life safety system, elevators, main lobby and entrance.

During the nine months ended September 30, 1995, the Partnership has
funded capital expenditures of $252,000 (net of contributions by the
minority interest) at Pasadena Financial Center, and, at September 30,
1995, has commitments to fund approximately $350,000 of capital
expenditures in addition to those needed for the repairs to the exterior
walls.

At the Chesterbrook property, the Vanguard Group will vacate its
remaining space upon the expiration of its leases in November 1995. 
During the nine months ended September 30, 1995, the Partnership
contributed approximately $729,000 for its share of capital expenditures
needed to re-lease a significant portion of vacant space at the
Chesterbrook property.

At the Taxter property, the lease of Fuji Photo USA, Inc., which occupies
approximately 24% of the property's space was scheduled to terminate in
March 1996; however, Fuji has exercised its renewal option which extends
through March 2002 at a rent to be agreed upon which is approximately
equal to ninety percent of current rental rates in the Westchester
market.  Because market rates have deteriorated in this market since Fuji
signed its original lease, rental revenue and cash flow from Fuji during
the renewal term will be significantly lower than what the Partnership
currently receives. 

During the nine months ended September 30, 1995, the Partnership
contributed approximately $330,000 to the Taxter Joint Venture for the
Partnership's share of lease-related capital expenditures ($195,000) and
building improvements ($135,000), and, at September 30, 1995, has
commitments to contribute an additional $185,000 to the joint venture for
the Partnership's share of remaining building improvements ($125,000) and
expected leasing commissions to be incurred from Fuji's lease renewal
($60,000).

The Partnership also expects to fund significant capital expenditures in
order to attract new tenants to vacant space at the Chesterbrook property
and Pasadena Financial Center.

The Partnership expects that for the remainder of 1995 and in 1996,
capital expenditures and cash distributions will be funded from operating
cash flows, distributions from joint ventures and existing cash reserves. 

The increase in other assets during the nine months ended September 30,
1995 primarily results from increases in the accrual to recognize rental
revenue on a straight-line basis.

The increase in accounts payable and accrued liabilities during the nine
months ended September 30, 1995 is due to normal accrual of real estate
taxes and an accrual for an unpaid distribution payable to the minority
interest in the partnership which owns Tech Park Reston.

The Partnership does not expect that adoption of SFAS 121 regarding
impairment of the Partnership's assets will have a significant impact on
the Partnership's financial statements.

On October 30, 1995, the Partnership paid the third quarter distribution
of $5.00 per Unit to the Limited Partners.  The total cash distribution
amounted to $1,691,317, with $1,522,185 distributed to the Limited
Partners and $169,132 to the General Partners.

Operations

Fluctuations in the Partnership's operating results for the nine and
three-month periods ended September 30, 1995 compared to 1994 are
primarily attributable to the following:

The decreases in rental income are due to the above-mentioned
restructuring of the lease with Countrywide at Pasadena Financial Center.

The decreases in equity in earnings of joint ventures are primarily due
to increased depreciation and amortization expenses on increased capital
expenditures at the Chesterbrook property, and decreased pass-through
income from the tenants which leased the space vacated by the Vanguard
Group in December 1994.  These decreases are partially offset by
increased rental income at the Chesterbrook property.  

The increases in interest and other income are primarily due to an
increase in interest rates on the Partnership's cash equivalent
investments and higher other operating income earned at Pasadena
Financial Center.

The decreases in property operating expenses are primarily due to
decreased costs incurred at Pasadena Financial Center.  

Depreciation expense decreased because there has been no depreciation on
the tenant improvements on the space at Pasadena Financial Center which
Countrywide gave back effective January 1, 1995.  These assets were
written-off by the Partnership in 1994.

A summary of the markets in which the Partnership's office properties are
located and the performance of each property is as follows:

Chesterbrook Corporate Center is located in Valley Forge, Pennsylvania,
a market in which the vacancy rate is approximately 16%.  At September
30, 1995, occupancy at the property was 93%.  Vanguard has been vacating
its space to move into its own newly-constructed space in this market. 
This, and other new construction in the Valley Forge area, will likely
cause the office market to deteriorate.  Leases totaling 14% of the space
are scheduled to expire during the remainder of 1995 and in 1996.

The office market in Westchester County, New York, the location of Taxter
Corporate Park, has a current vacancy level of approximately 22%.  It is
unlikely that this vacant space will be absorbed in the market for
several years.  However, during the third quarter of 1995, average
occupancy at the property remained stable at 99%.  No significant leases
are scheduled to expire before 1997.  
    
The Reston market in Virginia, the location of Tech Park Reston, has a
vacancy rate of 16% due to the contraction of the high-tech and defense
firms which are the major tenants in the market.  The leases with Sprint
Communications, which occupies 100% of the space, expire in 2003. Sprint
has the option to terminate its leases on two of the three buildings
beginning in 1997 and 1998.

In Pasadena, California, the location of Pasadena Financial Center, the
office market overall vacancy rate is approximately 15%.  At September
30, 1995, occupancy at the property was approximately 91%.  No
significant leases are scheduled to expire before 1997.

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.
<PAGE>

PART II - OTHER INFORMATION

Not applicable.


           <PAGE>
                                        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:  November 14, 1995                 By:      /s/E. Davisson Hardman, Jr.  
                                                  E. Davisson Hardman, Jr.
                                                  President


Date:  November 14, 1995                 By:      /s/Lawrence Volpe            
                                                  Lawrence Volpe    
                                                  Controller                  
                                                  (Principal Financial and
                                                   Accounting Officer)