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, 1997
                                
                               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
                                
                          Page 1 of 13
<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,
                                                1997       1996

                             ASSETS
<S>                                                         <C>
<C>
Cash and cash equivalents                    $ 4,984,764    $
56,199,072

Investments in joint ventures                 36,152,539
36,899,178

Other assets                                     127,319
1,458,903

Real estate held for sale                          -
20,322,459

Deferred expenses, net                             -
567,184

                                             $ 41,264,622
$115,446,796



                LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and accrued liabilities     $    283,445   $
268,202

Minority interests in consolidated joint ventures             -
26,649,540

                                                  283,445
26,917,742

Partners' capital (deficiency):
 General partners                              (5,089,940)
(4,887,822)
 Limited partners ($500 per Unit, 304,437 Units issued)
46,071,117                                     93,416,876

                                               40,981,177
88,529,054

                                             $ 41,264,622
$115,446,796

                                
                                
  See accompanying notes to consolidated financial statements.
                            </TABLE>
<TABLE>
         DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                                
                CONSOLIDATED STATEMENTS OF INCOME
                                
        Three and six months ended June 30, 1997 and 1996

<CAPTION>

                              Three months ended          Six
months ended
                                  June 30,           June 30,
                              1997     1996      1997     1996
<S>                                           <C>      <C>  <C>
<C>
Revenues:
 Rental                    $  119,345         $2,185,558    $
996,972                    $4,247,510
 Gain on sale of real estate         4,184,529              -
4,184,529                        -
 Equity in earnings of joint
  ventures                    786,243            744,638
1,485,195                   1,423,816
 Interest and other           103,578             55,274
294,658                       138,013

                            5,193,695          2,985,470
6,961,354                   5,809,339

Expenses:
 Property operating            30,965            355,948
392,993                       703,476
 Depreciation                    -     578,147               -
1,154,275
 Amortization                     550             32,713
6,279                          65,426
 General and administrative             95,657            145,658
228,296                       299,344

                              127,172          1,112,466
627,568                     2,222,521

Income before minority interests     5,066,523          1,873,004
6,333,786                   3,586,818

Minority interests          2,664,030            453,062
2,891,075                     866,191

 Net income                $2,402,493         $1,419,942
$3,442,711                 $2,720,627

Net income allocated to:
 Limited partners          $2,318,385         $1,277,948
$3,254,581                 $2,448,564
 General partners              84,108            141,994
188,130                       272,063

                           $2,402,493         $1,419,942
$3,442,711                 $2,720,627

Net income per Unit of limited
 partnership interest      $     7.62         $     4.20    $
10.69                      $     8.04


  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, 1997
                                
<CAPTION>
                                   Limited   General
                                   Partners  Partners     Total
<S>                                                    <C>  <C>
<C>
Partners' capital (deficiency)
 at January 1, 1997                $ 93,416,876
$(4,887,822)                       $ 88,529,054

Net income                            3,254,581
188,130                               3,442,711

Cash distributions                  (50,600,340)
(390,248)                           (50,990,588)

Partners' capital (deficiency)
 at June 30, 1997                  $ 46,071,117
$(5,089,940)                       $ 40,981,177

























                                
                                
                                
  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, 1997 and 1996
<CAPTION>

                                                1997       1996
<S>                                                         <C>
<C>
Cash flows from operating activities:
 Net income                                  $  3,442,711   $
2,720,627
 Adjustments to reconcile net income to net cash provided
  by operating activities:
   Depreciation                                     -
1,154,275
   Amortization                                     6,279
65,426
   Minority interests in joint venture          2,891,075
866,191
   Gain on sale of real estate                 (4,184,529)
-
   Equity in earnings of joint ventures        (1,485,195)
(1,423,816)
   Increase in operating assets:
     Other assets                                  (8,891)
(84,893)
   Increase in operating liabilities:
     Accounts payable and accrued liabilities
51,513                                            95,779

      Net cash provided by operating activities
712,963                                        3,393,589

Cash flows from investing activities:
 Additions to buildings and improvements            -
(395,800)
 Proceeds from sale of real estate             26,372,099
-
 Investments in joint ventures                   (168,433)
(643,083)
 Distributions from joint ventures              2,400,267
2,275,052

      Net cash provided by investing activities
28,603,933                                     1,236,169

Cash flows from financing activities:
 Cash distributions                           (50,990,588)
(3,382,634)
 Additional investments by minority interests
263,494                                          174,156
 Minority interests in joint ventures' distributions
(29,804,110)                                  (1,241,375)

      Net cash used in financing activities   (80,531,204)
(4,449,853)

(Decrease) increase in cash and cash equivalents
(51,214,308)                                     179,905

Cash and cash equivalents at beginning of period
56,199,072                                     6,456,209

Cash and cash equivalents at end of period   $  4,984,764   $
6,636,114

        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  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 necessary to present fairly the
results for the interim period.  Except for the gain on
sale  of  real estate in 1997, such adjustments consist
only of normal recurring accruals.

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,
1996.  Operating results of interim periods may not  be
indicative  of  the operating results  for  the  entire
year.

The   Financial  Accounting  Standards   Board   issued
Statement  of Financial Accounting Standards  No.  128,
"Earnings   per   Share"  in  February,   1997.    This
pronouncement  establishes standards for computing  and
presenting  earnings per share, and  is  effective  for

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements
                           
the  Partnership's 1997 year-end financial  statements.
The  Partnership's management has determined that  this
standard  will  have  no impact  on  the  Partnership's
computation or presentation of net income per  Unit  of
limited partnership interest.

2.   Real Estate

In  April,  1997  Lake  Colorado  Associates  sold  the
Pasadena   Financial   Center   property   to   Spieker
Properties,   L.P.,   an   unaffiliated   party,    for
$26,700,000.  The purchase price was received  in  cash
at  closing.   The  Partnership received  approximately
$14.7  million of such cash, representing its 56% share
of the cash received by Lake Colorado Associates net of
closing costs.

On   April   28,  1997,  the  Partnership   distributed
$14,737,795 ($48.41 per Unit, representing a return  of
capital)  of  the  net proceeds from the  sale  of  the
Pasadena  Financial Center property.  The  distribution
was paid 100% to Limited Partners.

Summarized  financial information of the  Partnership's
investment in DWR Chesterbrook Associates, the  general
partnership  which  owns  the  Chesterbrook   Corporate
Center property, is as follows:

             Three months ended June 30       Six
months ended June 30
               1997          1996      1997       1996

Revenues    $3,357,307   $3,331,043 $6,726,272
$6,558,048

Expenses     1,793,740    1,911,716  3,725,829
3,883,402

Net income  $1,563,567   $1,419,327 $3,000,443
$2,674,646

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements
                           
3.   Related Party Transactions

An  affiliate of the Managing General Partner  provided
property   management   services   for   two   of   the
Partnership's  properties (one of  which  was  sold  in
1997)  and  for  five  buildings  at  the  Chesterbrook
Corporate  Center as of June 30, 1997  and  1996.   The
Partnership  paid  the  affiliate  management  fees  of
approximately  $76,000 and $86,000 for the  six  months
ended  June  30,  1997  and 1996, respectively.   These
amounts are included in property operating expenses.

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,
1997  and  1996, the Partnership incurred approximately
$149,000 and $203,000, respectively for these services.
These    amounts   are   included   in   general    and
administrative expenses.

As of June 30, 1997, the affiliates were owed
approximately $25,000 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 and misrepresentation,
and seek an unspecified amount, possible liquidation of
the  Partnership  under  a receiver's  supervision  and
other  equitable relief.  The defendants are vigorously
defending  these actions.  It is impossible to  predict
the  effect, if any, the outcome of these actions might
have on the Partnership's financial statements.
    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements
                           
5.   Subsequent Distributions

On   July  29,  1997,  the  Partnership  paid  a   cash
distribution of $3.66 per Unit to the Limited Partners.
The  total  cash  distribution amounted to  $1,238,044,
with $1,114,240 distributed to the Limited Partners and
$123,804 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.
One of such partnerships sold its property interest  in
1996,  and another sold its real estate in April  1997.
The   Partnership's  acquisition   program   has   been
completed.  No additional investments are planned.

The   economic  expansion  continues  and  real  estate
markets continued to stabilize in the second quarter of
1997,   primarily   due   to   decreased   new   office
construction  and  continued  strong  leasing   efforts
causing  a  reduction  in  oversupply  in  many  office
markets.   The steady demand and the limited amount  of
speculative   office  construction  have  resulted   in
falling vacancies, rising rents and increasing property
values  in  many markets.  While vacancy in the  office
market  in  Westchester County, New York (the  location
Taxter  Corporate Park) remained at approximately  24%,
the  market  slowly  continues to  improve  as  overall
demand  increases.   The suburban  Philadelphia  office
market  (the  location  of the  Chesterbrook  Corporate
Center)  also continues to improve with vacancy  levels
less than 12%.  Demand for quality space is expected to
increase in 1997.

The Partnership's liquidity depends upon cash flow from
operations  of  its investments in joint  ventures  and
required  contributions for building  improvements  and
tenant   improvements   and  leasing   commissions   in
connection  with the leasing of vacant  space.   During
the  six  months  ended  June  30,  1997,  all  of  the
Partnership's  property investments generated  positive
cash  flow from operations, and it is anticipated  that
they will continue to do so for the remainder of 1997.

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

In  addition, the Partnership's liquidity has been  and
will  be  affected  by  the sale  of  properties.   The
Managing General Partner currently plans to market  for
sale the Chesterbrook Corporate Center property in 1997
and  the  Taxter Corporate Park property in 1998,  with
the  objective of completing sales of these  properties
by  the  end  of  1998.   There  is  no  assurance  the
Partnership  will be able to achieve these  objectives.
As   the   Partnership   has   fewer   income-producing
investments,  Partnership  cash  from  operations  will
decline,   as  will  Partnership  distributions.    The
Partnership  will  also require less cash  reserves  to
fund    future   capital   expenditures   and   leasing
commissions.

A  special cash distribution of $6.25 per Unit will  be
paid to Limited Partners on or about on August 27, 1997
from  the  Partnership's cash reserves.   The  Managing
General  Partner  projects  that  the  remaining   cash
reserves  will  be  sufficient  for  the  Partnership's
future needs.

During   the   six   months  ended   June   30,   1997,
distributions to investors (excluding the  distribution
of  proceeds  from  the sales of  the  Technology  Park
Reston   office  park  and  Pasadena  Financial  Center
properties), capital expenditures and contributions  to
joint  ventures exceeded cash flow from operations  and
distributions from joint ventures.  This shortfall  was
funded from cash reserves.

During  the  six  months  ended  June  30,  1997,   the
Partnership contributed approximately $85,000  for  its
share of tenant and building improvements at the Taxter
joint  venture and approximately $84,000 for its  share
of   tenant  improvements  at  the  Chesterbrook  joint
venture.

As   of  June  30,  1997,  the  Partnership  also   has
commitments  to  fund approximately  $500,000  for  its
share   of  capital  expenditures,  primarily  at   the
Chesterbrook joint venture.  These expenditures will be
funded from cash from operations and cash reserves.

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

Except  as  discussed  herein 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.

On  April  28,  1997, the Partnership  paid  the  first
quarter  distribution of $4.66 per Unit to the  Limited
Partners.   The  total  cash distribution  amounted  to
$1,576,311, with $1,418,680 distributed to the  Limited
Partners  and  $157,631 to the  General  Partners.   On
April 28, 1997, the Partnership distributed $14,737,795
of  the  net  proceeds from the sale  of  the  Pasadena
Financial  Center  property  ($48.41  per  Unit).   The
distribution was paid 100% to the Limited Partners.

On   July  29,  1997,  the  Partnership  paid  a   cash
distribution of $3.66 per Unit to the Limited Partners.
The  total  cash  distribution amounted to  $1,238,044,
with $1,114,240 distributed to the Limited Partners and
$123,804 to the General Partners.

Operations

Fluctuations in the Partnership's operating results for
the  three- and six-month periods ended June  30,  1997
compared  to  1996 were primarily attributable  to  the
following:

The  decreases  in  rental income,  property  operating
expense and depreciation and amortization expenses  are
due  to  the  December 31, 1996 sale of the  Technology
Park Reston office park and the April 10, 1997 sale  of
the Pasadena Financial Center.

The  $4,184,529 gain on sale of real estate is  due  to
the sale of the Pasadena Financial Center property.

Interest  and other income increased primarily  due  to
the  investment of the cash proceeds from the sales  of
the Technology Park Reston office park and the Pasadena
Financial Center properties.

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

Minority  interests increased due to the gains  on  the
sales  of  the Pasadena Financial Center and Technology
Park Reston office park properties.

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

Current    market   conditions   in    Valley    Forge,
Pennsylvania,  where the Chesterbrook Corporate  Center
is  located, continue to improve with market  vacancies
improving  to  less than 12%.  Effective  rental  rates
have also held steady in the market.  During the second
quarter  1997  occupancy at the property  increased  to
100%.   No  leases  for a significant amount  of  space
expire before 1998.

The  overall  vacancy  level in the  office  market  in
Westchester  County, New York, the location  of  Taxter
Corporate Park, remained at approximately 24%, and  the
west  Westchester  market  in  which  the  building  is
located also remained approximately 15% vacant.  It  is
unlikely that the vacant space will be absorbed in  the
market for several years.  During the second quarter of
1997, occupancy at the property increased to 100%.   No
leases  for a significant amount of space expire before
2001.

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.

             -  Report  dated  April  4,  1997  of  the
valuation  per                       Unit  of   Limited
Partnership         interest        at         December
31, 1996.

            - Report dated April 10, 1997 reporting the
Partnership's  sale  of its interest  in  the  Pasadena
Financial Center 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,  1997    By:        /s/E.  Davisson
Hardman, Jr.
                              E. Davisson Hardman, Jr.
                              President


Date:   August  13, 1997       By:          /s/Lawrence
Volpe
                              Lawrence Volpe
                              Controller
                               (Principal Financial and
Accounting Officer)

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           

             Quarter Ended June 30, 1997

                    Exhibit Index



Exhibit
  No.                       Description

 27                  Financial Data Schedule




























                          E1