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 June 30, 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

         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
                   CONSOLIDATED BALANCE SHEETS
<CAPTION>
                                               June 30,
December 31,
                                                 1998      1997
<S>                                                         <C>
<C>
                             ASSETS

Cash and cash equivalents                    $   831,262    $
1,868,422

Investments in joint ventures                  8,869,374
35,449,866

Other assets                                     147,597
164,238

                                             $ 9,848,233
$37,482,526


                LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and accrued liabilities     $   320,040    $
389,627

Partners' capital (deficiency):
 General partners                             (5,504,169)
(5,417,146)
 Limited partners ($500 per Unit, 304,437 Units issued)
15,032,362                                    42,510,045

                                               9,528,193
37,092,899

                                             $ 9,848,233
$37,482,526

                                
                                
                                

                                



                                






  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
                 CONSOLIDATED INCOME STATEMENTS
                                
        Three and six months ended June 30, 1998 and 1997
<CAPTION>

                              Three months ended           Six
months ended
                                    June 30,           June 30,
                               1998     1997      1998     1997
<S>                                           <C>      <C>  <C>
<C>
Revenues:
 Equity in earnings of joint ventures         $24,806,573   $
786,243                    $25,973,188        $1,485,195
 Rental                          -     119,345               -
996,972
 Gain on sale of real estate              -    4,184,529
-  4,184,529
 Interest and other            233,387           103,578
248,751                       294,658

                            25,039,960         5,193,695
26,221,939                  6,961,354

Expenses:
 Property operating              -      30,965               -
392,993
 Amortization                    -         550               -
6,279
 General and administrative              72,047            95,657
190,174                       228,296

                                72,047           127,172
190,174                       627,568

Income before minority interests     24,967,913         5,066,523
26,031,765                  6,333,786

Minority interest                -   2,664,030               -
2,891,075

Net income                 $24,967,913        $2,402,493
$26,031,765                $3,442,711

Net income allocated to:
 Limited partners          $24,944,833        $2,318,385
$25,902,300                $3,254,581
 General partners               23,080            84,108
129,465                       188,130

                           $24,967,913        $2,402,493
$26,031,765                $3,442,711

Net income per Unit of limited
 partnership interest      $     81.94        $     7.62    $
85.08                      $    10.69








  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
           CONSOLIDATED STATEMENT OF PARTNERS' CAPITAL
                                
                 Six months ended June 30, 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                           25,902,300
129,465                              26,031,765

Cash distributions                  (53,379,983)
(216,488)                           (53,596,471)

Partners' capital (deficiency)
 at June 30, 1998                  $ 15,032,362
$(5,504,169)                       $  9,528,193


























                                
                                
                                
                                
                                
  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
              CONSOLIDATED STATEMENTS OF CASH FLOWS
                                
             Six months ended June 30, 1998 and 1997
                                
<CAPTION>
                                                 1998      1997
<S>                                                         <C>
<C>
Cash flows from operating activities:
 Net income                                  $ 26,031,765   $
3,442,711
 Adjustments to reconcile net income to net cash provided
  By operating activities:
   Equity in earnings of joint ventures       (25,973,188)
(1,485,195)
   Gain on sale of real estate                      -
(4,184,529)
   Minority interests in joint venture              -
2,891,075
   Amortization                                     -
6,279
   Decrease (increase) in other assets             16,641
(8,891)
   (Decrease) increase in accounts payable and accrued
     liabilities                                  (69,587)
51,513

      Net cash provided by operating activities
5,631      712,963

Cash flows from investing activities:
 Distributions from joint ventures             53,050,666
2,400,267
 Additional investments in joint ventures        (496,986)
(168,433)
 Proceeds from sale of real estate                  -
26,372,099

      Net cash provided by investing activities
52,553,680                                     28,603,933

Cash flows from financing activities:
 Cash distributions                           (53,596,471)
(50,990,588)
 Minority interests in distributions from consolidated
  joint ventures                                    -
(29,804,110)
 Additional investments by minority interests                 -
263,494

      Net cash used in financing activities   (53,596,471)
(80,531,204)

Decrease in cash and cash equivalents          (1,037,160)
(51,214,308)

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

Cash and cash equivalents at end of period   $    831,262   $
4,984,764






        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  owned
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 necessary to present fairly the
results for the interim period. Except for the gain  on
the  sale  of  the  Chesterbrook property  included  in
equity  in  earnings of joint ventures  in  the  second
quarter  of  1998 and the gain on the sale of  Pasadena
Financial Center in 1997, such adjustments consist only
of normal recurring accruals.

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   (the
"Agreement"),  on  April 1, 1998, 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.
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 ($168.94 per Unit) on  April  30,
1998.  The Partnership's share of the gain on this sale
was   approximately  $24.7  million;  such   gain   was
allocated  100% to the Limited Partners  in  accordance
with the Partnership Agreement.



    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
      Notes to Consolidated Financial Statements
                           
Summarized  financial information of Associates  is  as
follows:
<TABLE>
<CAPTION>
                   Three months ended            Six
months ended
                        June 30,            June 30,
                   1998      1997      1998     1997
<S>                      <C>       <C>       <C>  <C>
Operating revenues       $    16,463         $3,357,307
$ 3,642,984    $6,726,272

Gain on sale    61,926,876              -
61,926,876          -

Expenses            67,758          1,793,740
1,190,184       3,725,829
Net income     $61,875,581         $1,563,567
$64,379,676    $3,000,443
</TABLE>
During  the first quarter of 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 expenses were approximately
$730,000 and $1,460,000 during the three- and six-month
periods ended June 30, 1997, respectively).

Summarized   financial  information  of   Taxter   Park
Associates,  the  general partnership  which  owns  the
Taxter Corporate Park property, is as follows:
<TABLE>
<CAPTION>
                   Three months ended            Six
months ended
                        June 30,            June 30,
                   1998      1997      1998     1997
<S>                      <C>       <C>       <C>  <C>
Revenues       $1,302,877          $1,491,817
$2,712,369     $2,818,839

Expenses        1,079,746           1,141,930
2,156,904       2,205,507
Net income     $  223,131          $  349,887     $
555,465        $  613,332
</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 $43,000
and  $50,000 for the six months ended June 30, 1998 and
1997,  respectively.  These amounts  were  recorded  as
expenses                     of                     the

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements
                           
joint  ventures.  In addition, in 1997, the Partnership
paid this affiliate approximately $26,000 (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 six-month periods ended June  30,
1998  and  1997, the Partnership incurred approximately
$108,000 and $149,000, respectively for these services.
These    amounts   are   included   in   general    and
administrative expenses.

As   of  June  30,  1998,  the  affiliates  were   owed
approximately $21,000 for these services.
                           
4. Litigation

Various   public  partnerships  sponsored   by   Realty
(including  the  Partnership and its  Managing  General
Partner) were defendants in a class action lawsuit.  On
July 17, 1998, the Delaware Chancery Court granted  the
defendants'  motion  to dismiss the  complaint  in  the
lawsuit.  The Plaintiffs have thirty days during  which
to  file a notice of appeal from the Court's order; the
Partnership does not know whether they intend to do so.

    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
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  on  April  1,  1998  (see  Note  2   to   the
consolidated financial statements). 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's  share of 1998 operating  cash  flow
from   the   Chesterbrook  property  was  approximately
$1,059,000.   The  Partnership stopped  receiving  cash
flow  from  operations  from the Chesterbrook  property
once  the  property was sold; as a result,  Partnership
cash   flow  from  operations  significantly  decreased
during the second quarter of 1998.

Effective April 1, 1998, the Partnership's interest  in
the  Taxter property is the Partnership's sole property
interest.   The  partnership  which  owns  the   Taxter
Corporate Park is currently marketing the property  for
sale, with the objective of completing a sale later  in
1998.   There  can  be  no assurance  that  the  Taxter
property will be sold.

The  Partnership's liquidity depends on  its  share  of
cash  flow  generated by the Taxter property  and  cash
required  to  fund  capital  expenditures  and  leasing
commissions. Generally, future cash distributions  will
be  paid  from  proceeds from the sale  of  the  Taxter
property and cash reserves.


    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

During  the  six  months  ended  June  30,  1998,   the
Partnership's  property  interests  generated  positive
cash  flow from operations, and it is anticipated  that
the  Taxter property will continue to provide operating
cash  flow  to  the Partnership during the  period  the
Partnership continues to own the property interest.

During  the  six  months  ended  June  30,  1998,   the
Partnership  contributed  approximately  $363,000   and
$134,000 to the Chesterbrook and Taxter joint ventures,
respectively, for its share of capital expenditures and
leasing commissions.

During   the   six   months  ended   June   30,   1998,
distributions to investors (excluding the  distribution
of  sales proceeds) and contributions to joint ventures
exceeded  cash  flow from operations and  distributions
from  joint  ventures  (excluding the  distribution  of
sales  proceeds).  This shortfall was funded from  cash
reserves.

The   Managing  General  Partner  believes   that   the
Partnership  did not have sufficient cash  reserves  at
June  30, 1998 to fully fund its maximum liability  for
capital  expenditures and leasing  commissions  at  the
Taxter  property ($89,000), potential final settlements
with  the buyer of the Chesterbrook property and  other
Partnership cash requirements.  Therefore, in order  to
accumulate  sufficient cash reserves,  the  Partnership
did  not  pay its second quarter distribution  in  July
1998.

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- and six-month periods ended June  30,  1998
compared  to  1997 were primarily attributable  to  the
following:

There  was  no  rental income, gain  on  sale  of  real
estate,   property  operating  expenses,   amortization
expense and minority interest expense due to the  April
10, 1997 sale of Pasadena Financial Center.


    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

Equity in earnings of joint ventures increased in  1998
as a result of the Partnership's share of the gain from
the  sale  of the Chesterbrook property in April  1998.
See  Note  2  to the consolidated financial statements.
Equity  in earnings from the Chesterbrook joint venture
also increased by approximately $300,000 during the six
months  ended  June  30, 1998 because  no  depreciation
expense  was recorded at the property during the  first
quarter  of  1998 (because the partnership which  owned
the  property reclassified it to real estate  held  for
sale  as  of  December  31, 1997).   The  Partnership's
equity  in  earnings of the Taxter  joint  venture  was
approximately  $91,000 and $225,000 during  the  three-
and    six-month   periods   ended   June   30,   1998,
respectively.

Interest and other income decreased slightly during the
six  months  ended June 30, 1998 primarily  because  of
lower  average cash balances in 1998. During the  three
months  ended June 30, 1998, interest and other  income
increased primarily because the Partnership's  interest
earned  in  1998 on the proceeds from the sale  of  the
Chesterbrook   property  (until  such   proceeds   were
distributed  to  Limited  Partners)  exceeded  interest
earned  in  1997  on  the proceeds  from  the  sale  of
Pasadena Financial Center.

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

During  the second 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 also  remained
at  9%.   During  the six months ended June  30,  1998,
occupancy  at  the property remained  at  100%.  Leases
aggregating  approximately 11%,  11%  and  29%  of  the
property's space are scheduled to expire in 1999,  2000
and 2001, 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 1.   Legal Proceedings

       On  July  17, 1998, the Delaware Chancery  Court
       granted  the  defendants' motion to dismiss  the
       complaint in the Consolidated Action.

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.
                       Report   dated  April  1,   1998
           regarding   the  sale  of  the  Chesterbrook
           property.


    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:   August  13,  1998    By:        /s/E.  Davisson
Hardman, Jr.
                              E. Davisson Hardman, Jr.
                              President


Date:   August 13, 1998      By:         /s/Charles  M.
Charrow
                              Charles M. Charrow
                              Controller
                               (Principal Financial and
Accounting Officer)

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           

             Quarter Ended June 30, 1998

                    Exhibit Index



Exhibit
  No.                       Description

 27                  Financial Data Schedule




























                          E1