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, 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 15
<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,
                                                1997       1996
<S>                                                         <C>
<C>
                             ASSETS

Cash and cash equivalents                    $ 2,594,521    $
56,199,072

Investments in joint ventures                 35,989,506
36,899,178

Other assets                                     118,428
1,458,903

Real estate held for sale                          -
20,322,459

Deferred expenses, net                             -
567,184

                                             $38,702,455
$115,446,796



                LIABILITIES AND PARTNERS' CAPITAL

Accounts payable and accrued liabilities     $    445,009   $
268,202

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

                                                  445,009
26,917,742

Partners' capital (deficiency):
 General partners                              (5,353,649)
(4,887,822)
 Limited partners ($500 per Unit, 304,437 Units issued)
43,611,095                                     93,416,876

                                               38,257,446
88,529,054

                                             $ 38,702,455
$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 nine months ended September 30, 1997 and 1996

<CAPTION>

                              Three months ended          Nine
months ended
                                 September 30,
September 30,
                              1997     1996      1997     1996
<S>                                           <C>      <C>  <C>
<C>
Revenues:
 Rental                    $   -    $2,217,027         $1,019,935
$6,464,537
 Gains on sales of real estate          -        161,883
4,184,529                     161,883
 Equity in earnings of joint
  ventures                  694,061    753,812          2,267,356
2,177,628
 Interest and other          50,382    101,656            349,417
239,669

                            744,443  3,234,378          7,821,237
9,043,717

Expenses:
 Property operating            -       338,937            420,333
1,042,413
 Depreciation                  -       580,186               -
1,734,461
 Amortization                  -        32,714              6,279
98,140
 General and administrative          115,501     147,567
343,797                       446,911

                            115,501  1,099,404            770,409
3,321,925

Income before minority interests     628,942   2,134,974
7,050,828                   5,721,792

Minority interests             -       549,874          2,979,175
1,416,065

 Net income                $628,942 $1,585,100         $4,071,653
$4,305,727

Net income allocated to:
 Limited partners          $557,433 $1,426,590         $3,812,014
$3,875,154
 General partners            71,509    158,510            259,639
430,573
                           $628,942 $1,585,100         $4,071,653
$4,305,727

Net income per Unit of limited
 partnership interest      $   1.83 $     4.69         $    12.52
$    12.73



  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, 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                            3,812,014
259,639                               4,071,653

Cash distributions                  (53,617,795)
(725,466)                           (54,343,261)

Partners' capital (deficiency)
 at September 30, 1997             $ 43,611,095
$(5,353,649)                       $ 38,257,446

























                                
                                
                                
  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, 1997 and 1996
<CAPTION>

                                                1997       1996
<S>                                                         <C>
<C>
Cash flows from operating activities:
 Net income                                  $  4,071,653   $
4,305,727
 Adjustments to reconcile net income to net cash
  provided by operating activities:
   Depreciation                                     -
1,734,461
   Amortization                                     6,279
98,140
   Gains on sales of real estate               (4,184,529)
(161,883)
   Minority interests in joint ventures' operations
2,979,175                                      1,416,065
   Equity in earnings of joint ventures        (2,267,356)
(2,177,628)
   Increase in operating assets:
     Other assets                                   -
(213,514)
   Increase in operating liabilities:
     Accounts payable and accrued liabilities
213,075                                           30,686

      Net cash provided by operating activities
818,297                                        5,032,054

Cash flows from investing activities:
 Additions to buildings and improvements            -
(907,269)
 Proceeds from sale of real estate             26,372,099
355,000
 Investments in joint ventures                   (292,647)
(831,500)
 Distributions from joint ventures              3,469,675
3,112,258

      Net cash provided by investing activities
29,549,127                                     1,728,489

Cash flows from financing activities:
 Cash distributions                           (54,343,261)
(5,708,194)
 Additional investments by minority interests
263,494                                          399,198
 Minority interests in joint ventures' distributions
(29,892,208)                                  (2,090,342)

      Net cash used in financing activities   (83,971,975)
(7,399,338)

Decrease in cash and cash equivalents         (53,604,551)
(638,795)

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

Cash and cash equivalents at end of period   $  2,594,521   $
5,817,414

        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
sales of real estate in 1996 and 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 has  recently
issued    several    new   accounting   pronouncements.
Statement  No.  128,  "Earnings per Share"  establishes
standards  for  computing and presenting  earnings  per
share,    and    Statement   No.    129,    "Disclosure

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements
                           
of  Information  about  Capital Structure"  establishes
standards for disclosing information about an  entity's
capital   structure.   These  two  standards  will   be
effective for the Partnership's 1997 year-end financial
statements.     Statement    No.    130,     "Reporting
Comprehensive   Income"   establishes   standards   for
reporting and display of comprehensive income  and  its
components.   Statement  No.  131,  "Disclosures  about
Segments  of  an  Enterprise and  Related  Information"
establishes standards for the way that public  business
enterprises report information about operating segments
in  annual financial statements and requires that those
enterprises report selected information about operating
segments   in  interim  financial  reports  issued   to
shareholders.    It  also  establishes  standards   for
related   disclosure  about  products   and   services,
geographic  areas,  and  major  customers.   These  two
standards  are  effective for  the  Partnership's  1998
financial statements.

Management  of  the Partnership does not  believe  that
these  new  standards  will  have  any  effect  on  the
Partnership's computation or presentation of net income
or net income per unit of limited partnership interest,
or  its  disclosures  of capital  structure,  or  other
disclosures.
                           
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.

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements
                           
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 September 30   Nine
months ended September 30
              1997      1996          1997       1996

Revenues   $3,465,216    $3,387,805 $10,191,488
$9,945,853

Expenses    1,934,638     1,918,289   5,660,467
5,801,691

Net income $1,530,578    $1,469,516 $ 4,531,021
$4,144,162

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 September 30,  1997  and  1996.
The  Partnership paid the affiliate management fees  of
approximately $106,000 and $127,000 for the nine months
ended September 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  nine-month   periods   ended
September  30, 1997 and 1996, the Partnership  incurred
approximately  $223,000 and $302,000, respectively  for
these  services.  These amounts are included in general
and administrative expenses.

As  of  September  30, 1997, the affiliates  were  owed
approximately $25,000 for these services.
                           
    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           
      Notes to Consolidated Financial Statements
                           
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.

5.   Distributions

On  August  28,  1997, the Partnership paid  a  special
distribution from cash reserves of $6.25  per  Unit  to
the  Limited  Partners.   The total  cash  distribution
amounted to $2,114,145, with $1,902,731 distributed  to
the  Limited  Partners  and  $211,414  to  the  General
Partners.

On  October  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.

Strong  job growth, especially in the business services
and  technology  industries,  has  resulted  in  strong
performance  in the office sector.  Vacancies  in  many
office markets are in the single digits and rents  have
risen  to  levels  that support new  construction,  and
favorable  market  fundamentals are  leading  to  value
appreciation  as  investors bid for office  properties.
Taxter  Corporate  Park and the Chesterbrook  Corporate
Center  are  located  in improved office  markets.  The
Managing  General  Partner is currently  marketing  for
sale  the  Chesterbrook Corporate Center  property  and
plans to market the Taxter Corporate Park property  for
sale 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.

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  three- and nine-months ended September  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.  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.

During  the  nine-months  ended  September  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 nine-months ended September 30,  1997,  the
Partnership contributed approximately $183,000 for  its
share  of  capital  expenditures at  the  Taxter  joint
venture  and  approximately $110,000 for its  share  of
capital expenditures at the Chesterbrook joint venture.

As   of   September  30,  1997,  the  Partnership   has
commitments  to  fund approximately  $415,000  for  its
share   of  capital  expenditures,  primarily  at   the
Chesterbrook joint venture.  These expenditures will be
funded from cash from operations and cash reserves.

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  July  29,  1997, the Partnership  paid  the  second
quarter  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.

On  August  28,  1997, the Partnership paid  a  special
distribution from cash reserves of $6.25  per  Unit  to
the  Limited  Partners.   The total  cash  distribution
amounted to $2,114,145, with $1,902,731 distributed  to
the  Limited  Partners  and  $211,414  to  the  General
Partners.

The   Managing  General  Partner  projects   that   the
remaining  cash  reserves will be  sufficient  for  the
Partnership's future needs.

Real  estate  held for sale and deferred expenses  were
eliminated  as  a  result  of  the  sale  of   Pasadena
Financial Center.

Operations

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

The  decreases  in  rental income,  property  operating
expenses 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 1997 gain on sale of real estate is due to the sale
of the Pasadena Financial Center property.

Interest  and other income increased for the nine-month
period  primarily due to the interest received  on  the
investment of the cash proceeds from the sales  of  the
Technology  Park  Reston office park and  the  Pasadena
Financial  Center properties until such  proceeds  were
distributed to Limited Partners on January 31 and April
28, 1997, respectively.

Minority interests decreased for the three-month period
and  increased  for the nine-month period  due  to  the
sales  of  the Pasadena Financial Center and Technology
Park Reston office park properties.


    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.

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, continued to improve with market vacancies
improving  to  less than 11%.  Effective  rental  rates
continue to increase in the market.  Occupancy  at  the
property remained at 100% during the third quarter, and
leases  for  approximately  13%  of  total  space   are
scheduled  to  expire during 1998.  The Partnership  is
currently marketing the property for sale.

Due  to  continued  strong growth in  the  market,  the
overall   vacancy  level  in  the  office   market   in
Westchester  County, New York, the location  of  Taxter
Corporate  Park, decreased from 24% to 19%  during  the
third  quarter,  and  the  vacancy  rate  in  the  west
Westchester  market in which the building  is  located,
also decreased from 15% to 11% during the third quarter
of  1997.  It is unlikely that the vacant space will be
absorbed  in the market for several years.  During  the
third  quarter  of  1997,  occupancy  at  the  property
remained  at  to  100%.  No leases  for  a  significant
amount  of  space expire before 2001.  The  Partnership
plans to market the property for sale during 1998.

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.


    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,  1997  By:        /s/E.  Davisson
Hardman, Jr.
                              E. Davisson Hardman, Jr.
                              President


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

    DEAN WITTER REALTY INCOME PARTNERSHIP IV, L.P.
                           

           Quarter Ended September 30, 1997

                    Exhibit Index



Exhibit
  No.                       Description

 27                  Financial Data Schedule




























                          E1