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 September 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>
                                             September 30,
December 31,
                                                 1998      1997
<S>                                                         <C>
<C>
                             ASSETS

Cash and cash equivalents                    $ 1,172,229    $
1,868,422

Investments in joint ventures                  8,830,544
35,449,866

Other assets                                      21,428
164,238

                                             $10,024,201
$37,482,526


                LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and accrued liabilities     $   197,787    $
389,627

Partners' capital (deficiency):
 General partners                             (5,474,347)
(5,417,146)
 Limited partners ($500 per Unit, 304,437 Units issued)
15,300,761                                    42,510,045

                                               9,826,414
37,092,899

                                             $10,024,201
$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 nine months ended September 30, 1998 and 1997
<CAPTION>

                              Three months ended           Nine
months ended
                                  September 30,
September 30,
                               1998     1997      1998     1997
<S>                                           <C>      <C>  <C>
<C>
Revenues:
 Equity in earnings of joint ventures         $366,284 $694,061
$26,339,472                $2,267,356
 Gain on sale of real estate            -         -          -
4,184,529
 Rental                        -        -           -   1,019,935
 Interest and other          13,218   50,382      261,969
349,417

                            379,502  744,443   26,601,441
7,821,237

Expenses:
 Property operating            -        -           -     420,333
 Amortization                  -        -           -       6,279
 General and administrative           81,280   115,501
271,454                       343,797

                             81,280  115,501      271,454
770,409

Income before minority interests     298,222   628,942
26,329,987                  7,050,828

Minority interest              -        -           -   2,979,175

Net income                 $298,222 $628,942  $26,329,987
$4,071,653

Net income allocated to:
 Limited partners          $268,400 $557,433  $26,170,700
$3,812,014
 General partners            29,822   71,509      159,287
259,639

                           $298,222 $628,942  $26,329,987
$4,071,653

Net income per Unit of limited
 partnership interest      $   0.88 $   1.83  $     85.96   $
12.52









  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
           CONSOLIDATED STATEMENT OF PARTNERS' CAPITAL
                                
              Nine months ended September 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                           26,170,700
159,287                              26,329,987

Cash distributions                  (53,379,984)
(216,488)                           (53,596,472)

Partners' capital (deficiency)
 at September 30, 1998             $ 15,300,761
$(5,474,347)                       $  9,826,414


























                                
                                
                                
                                
                                
  See accompanying notes to consolidated financial statements.
</TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
              CONSOLIDATED STATEMENTS OF CASH FLOWS
                                
          Nine months ended September 30, 1998 and 1997
                                
<CAPTION>
                                                 1998      1997
<S>                                                         <C>
<C>
Cash flows from operating activities:
 Net income                                  $ 26,329,987   $
4,071,653
 Adjustments to reconcile net income to net cash (used in)
  provided by operating activities:
   Equity in earnings of joint ventures       (26,339,472)
(2,267,356)
   Gain on sale of real estate                      -
(4,184,529)
   Minority interests in consolidated joint ventures'
     operations                                     -
2,979,175
   Amortization                                     -
6,279
   Decrease in other assets                       142,810
-
   (Decrease) increase in accounts payable and accrued
     liabilities                                 (191,840)
213,075

      Net cash (used in) provided by operating activities
(58,515)                                         818,297

Cash flows from investing activities:
 Distributions from joint ventures             53,531,776
3,469,675
 Investments in joint ventures                   (572,982)
(292,647)
 Proceeds from sale of real estate                  -
26,372,099

      Net cash provided by investing activities
52,958,794                                     29,549,127

Cash flows from financing activities:
 Cash distributions                           (53,596,472)
(54,343,261)
 Minority interests in distributions from consolidated
  joint ventures                                    -
(29,892,208)
 Additional investments by minority interests                 -
263,494

      Net cash used in financing activities   (53,596,472)
(83,971,975)

Decrease in cash and cash equivalents            (696,193)
(53,604,551)

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

Cash and cash equivalents at end of period   $  1,172,229   $
2,594,521





  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 former 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 the second quarter
of  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.

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

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

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. and Dean Witter Realty  Income
Partnership  II, L.P., affiliated public partnerships,  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:

                  Three months ended             Nine months
ended
                     September 30,       September 30,
                 1998       1997       1998     1997

Operating revenues       $   -     $3,465,216     $
3,642,984      $10,191,488

Gain on sale       -          -     61,926,876         -

Expenses           -      1,934,638            1,190,184
5,660,467

Net income     $   -     $1,530,578          $64,379,676
$ 4,531,021

In   October  1998,  Taxter  Park  Associates,  the  general
partnership  which owns the Taxter Corporate Park  property,
entered  into  an  agreement with KLM Royal  Dutch  Airlines
("KLM"), a tenant who owns a long-term leasehold interest in
approximately 20% of the space at the property, to  purchase
KLM's  space for $6.75 million.  The Partnership's share  of
this  purchase  price is approximately $2.74  million.   The
closing  of  the purchase is expected to occur  in  December
1998.

Summarized  financial information of Taxter Park Associates,
the general partnership which owns the Taxter Corporate Park
property, is as follows:

                   Three months ended            Nine months
ended
                      September 30,                September
30,
                   1998     1997      1998      1997

Revenues       $1,531,349          $1,374,685     $4,243,718
$4,193,524

Expenses          625,090           1,001,380      2,781,994
3,206,887

Net income     $  906,259          $  373,305     $1,461,724
$  986,637

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 $62,000 and $79,000 for the
nine months ended September 30, 1998 and 1997, respectively.
These  amounts  were  recorded  as  expenses  of  the  joint
ventures.       In      addition,     in      1997,      the

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

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
nine-month  periods ended September 30, 1998 and  1997,  the
Partnership  incurred approximately $154,000  and  $223,000,
respectively for these services. These amounts are  included
in general and administrative expenses.

As   of  September  30,  1998,  the  affiliates  were   owed
approximately $22,000 for these services.
                              
4. Litigation

Various public partnerships sponsored by Dean Witter  Realty
Inc.  (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  filed a notice of appeal from  the  Court's
order.

       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.

One  of  the partnerships in which the Partnership  invested
sold  its property in 1996 and another sold its property  in
1997.  The partnership which owns the Chesterbrook Corporate
Center sold its 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 the 1998 operating cash flow from
the   Chesterbrook  property  was  approximately   $903,000.
Partnership   cash   flow   from  operations   significantly
decreased  beginning  in the second quarter  of  1998  as  a
result of the sale of the Chesterbrook property.

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  (the
"Taxter  Partnership") is currently marketing  the  property
for sale, with the objective of completing a sale during the
fourth  quarter  of 1998 or early 1999.   There  can  be  no
assurance that the Taxter property will be sold.

To maximize the value of the Taxter property to the partners
of  the  Taxter  Partnership,  the  Taxter  Partnership  has
entered  into  an  agreement with KLM Royal  Dutch  Airlines
("KLM"), to purchase KLM's property interest (see Note 2  to
the  consolidated  financial statements).  The  purchase  is
expected  to  close  in December 1998, and  the  Partnership
plans to fund its share of the purchase price (approximately
$2.74  million) from either its share of the  proceeds  from
the sale of the Taxter property or otherwise.

                              
       DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

During the nine months ended September 30, 1998, all of  the
Partnership's   remaining   property   interests   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  nine  months  ended  September  30,  1998,  the
Partnership contributed approximately $363,000 and  $210,000
to the Chesterbrook and Taxter joint ventures, respectively,
for   its   share  of  capital  expenditures   and   leasing
commissions.

During   the   nine   months  ended  September   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.

In  order  to  increase cash reserves  to  fully  funds  its
maximum  liability  for  capital  expenditures  and  leasing
commissions  at  the  Taxter property  ($86,000),  potential
final   settlements  with  the  buyer  of  the  Chesterbrook
property  and  other  Partnership  cash  requirements,   the
Partnership  did  not  pay  its  second  and  third  quarter
distribution   to   investors.    Generally,   future   cash
distributions will be paid from proceeds received  from  the
sale of the Taxter property and cash reserves.

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  nine-month  periods ended  September  30,  1998
compared  to  1997  were  primarily  attributable   to   the
following:

Equity  in  earnings of joint ventures increased during  the
nine-month  period  ended September 30, 1998  and  decreased
during the three-month period then ended as a result of  the
sale of the Chesterbrook property in April 1998.  See Note 2
to the consolidated financial statements.

       DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

During the three- and nine-month periods ended September 30,
1998, the Partnership's equity in the earnings of the Taxter
Partnership   was  approximately  $367,000   and   $593,000,
respectively.   During  the  same  periods  in   1997,   the
Partnership's   equity  in  the  earnings  of   the   Taxter
partnership   was  approximately  $152,000   and   $401,000,
respectively. The 1998 increases in income are primarily due
to  the Partnership's share ($217,000) of a refund of  prior
years  real  estate taxes received by the Taxter Partnership
in the third quarter of 1998.

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

During the third 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 increased from 9% to 13%.  During  the
nine  months  ended  September 30, 1998,  occupancy  at  the
property  decreased  to 98%. If the Taxter  Partnership  had
owned  the  KLM  leasehold interest at September  30,  1998,
occupancy at the property would have been approximately 85%.
The  Taxter Partnership is discussing leasing the vacant KLM
space  to several existing tenants at the property.   Leases
aggregating approximately 11%, 11% and 29% of the property's
space  (before addition of the KLM 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   August   14,   1998,  the   plaintiff   in   the
       Consolidated  Action filed a notice  of  appeal  from
       the  order  of  the  Delaware  Chancery  Court  which
       granted   the  defendants'  motion  to  dismiss   the
       complaint.

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


Date:   November  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 September 30, 1998

                    Exhibit Index



Exhibit
  No.                       Description

 27                  Financial Data Schedule






























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