UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 10-Q

(Mark One)

    [X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE  SECURITIES
           EXCHANGE ACT OF 1934

For the quarterly period ended              September 30, 2002
                              --------------------------------------------------

                                       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             0-11987
                                  ---------------------------------

                      Krupp Realty Limited Partnership - IV

       Massachusetts                                             04-2772783
----------------------------------------------------------  --------------------
(State or other jurisdiction of                                (IRS employer
incorporation or organization)                               identification no.)

  One Beacon Street, Boston, Massachusetts                         02108
----------------------------------------------------------  --------------------
(Address of principal executive offices)                        (Zip Code)

                                 (617)523-7722
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


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  [ ]

The total number of pages in this document is 13.











<PAGE>

                          PART I. FINANCIAL INFORMATION

Item 1. CONSOLIDATED FINANCIAL STATEMENTS

This Form 10 - Q  contains  forward-looking  statements  within  the  meaning of
Section 27A of the  Securities  Act of 1933 and  Section  21E of the  Securities
Exchange  Act of  1934.  Actual  results  could  differ  materially  from  those
projected in the forward-looking  statements as a result of a number of factors,
including those identified herein.

             KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES

                  CONSOLIDATED BALANCE SHEETS (In Liquidation)

                                     ASSETS

                                     (Unaudited)
                                    September 30,      December 31,
                                        2002               2001
                                    -------------     -------------

Cash and cash equivalents           $   1,570,837     $  11,068,529
Real estate tax escrows                         -            32,399
Prepaid expenses and other assets          78,207            19,190
                                    -------------     -------------

         Total assets               $   1,649,044     $  11,120,118
                                    =============     =============

                        LIABILITIES AND PARTNERS' EQUITY

Liabilities:
    Due to affiliates               $           -     $      25,115
    Other liabilities                       1,353           506,925
                                    -------------     -------------
         Total liabilities                  1,353           532,040
                                    -------------     -------------

Partners' equity  (Note 2):
    Investor Limited Partners
         (30,000 Units outstanding)     1,631,214        10,482,197
    Original Limited Partner                    -                 -
    General Partners                       16,477           105,881
                                    -------------     -------------

         Total partners' equity         1,647,691        10,588,078
                                    -------------     -------------

         Total liabilities and
          partners' equity          $   1,649,044     $  11,120,118
                                    =============     =============








                     The accompanying notes are an integral
                 part of the consolidated financial statements.

                                       2
<PAGE>

             KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES

             CONSOLIDATED STATEMENTS OF OPERATIONS (In Liquidation)

                                   (Unaudited)

                               For the Three Months       For the Nine Months
                                Ended September 30,       Ended September 30,
                             ------------------------  ------------------------
                                2002          2001        2002          2001
                             -----------  ----------   -----------  -----------
Revenue:
  Rental                     $         -  $ 1,504,813  $         -  $ 5,150,000
  Interest Income                196,728            -      253,787            -
  Other income                     1,970       71,365        9,410      100,084
                             -----------  -----------  -----------  -----------

        Total revenue           198,698    1,576,178      263,197    5,250,084
                             -----------  -----------  -----------  -----------

Expenses:
    Operating                     37,516      405,315       60,430    1,399,175
    Maintenance                    1,024       98,427        1,024      371,845
    Real estate taxes              1,339      168,348        1,339      547,662
    Management fees                    -       73,787       11,004      227,456
    General and
     administrative              (11,083)      75,879       (5,347)     270,777
    Depreciation and
     amortization                      -      341,632            -    1,155,927
    Interest                           -      299,962            -    1,050,154
                             -----------  -----------  -----------  -----------

         Total expenses           28,796    1,463,350       68,450    5,022,996
                             -----------  -----------  -----------  -----------

Income before minority interest
 and gain on sale of property    169,902      112,828      194,747      227,088

Minority interest                203,873       (1,918)     203,998       (3,369)

Gain on sale of property               -   12,219,145            -   12,219,145
                             -----------  -----------  -----------  -----------

Net income                   $   373,775  $12,330,055  $   398,745  $12,442,864
                             ===========  ===========  ===========  ===========
















                     The accompanying notes are an integral
                 part of the consolidated financial statements.



                                       3
<PAGE>

                                    Continued


             KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES

                CONSOLIDATED STATEMENTS OF OPERATIONS, Continued

                                   (Unaudited)



                               For the Three Months       For the Nine Months
                                Ended September 30,       Ended September 30,
                             ------------------------  ------------------------
                                 2002         2001         2002        2001
                             -----------  -----------  -----------  -----------

Allocation of  net income:

  Investor Limited Partners
   (30,000 Units outstanding):
    Income before gain
     on sale of Property     $   370,037  $   105,365  $   394,758  $   212,533
    Gain on sale of property           -   12,096,954            -   12,096,954
                             -----------  -----------  -----------  -----------
       Net income            $   370,037  $12,202,319  $   394,758  $12,309,487
                             ===========  ===========  ===========  ===========

  Investor Limited Partners
    Per Unit:
     Income before gain on sale of
       Property                  $ 12.33  $      3.51  $     13.16  $      7.08
     Gain on sale of property          -       403.23            -       403.23
                             -----------  -----------  -----------  -----------
       Net income            $     12.33  $    406.74  $     13.16  $    410.31
                             ===========  ===========  ===========  ===========

  Original Limited Partner:
     Income before gain on sale of
         Property            $         -  $     4,436  $         -  $     8,949
     Gain on sale of property          -            -            -            -
                             -----------  -----------  -----------  -----------
       Net income            $         -  $     4,436  $         -  $     8,949
                             ===========  ===========  ===========  ===========

  General Partners:
     Income before gain on sale of
       Property              $     3,738  $     1,109  $     3,987  $     2,237
     Gain on sale of property          -      122,191            -      122,191
                             -----------  -----------  -----------  -----------
       Net income            $     3,738  $   123,300  $     3,987  $   124,428
                             ===========  ===========  ===========  ===========







                     The accompanying notes are an integral
                 part of the consolidated financial statements.




                                       4
<PAGE>



             KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES

             CONSOLIDATED STATEMENTS OF CASH FLOWS (In Liquidation)

                                   (Unaudited)

                                                    For the Nine Months
                                                    Ended September 30,
                                              ------------------------------
                                                  2002              2001
                                              -------------     ------------

Cash flows from operating activities:
    Net income                                $     398,745     $ 12,442,864
    Adjustments to reconcile net
     income to net cash provided by
     operating activities:
         Depreciation and amortization                    -        1,155,927
         Changes in assets and liabilities:
             Gain on sale of property                     -      (12,219,145)
             (Increase) decrease in prepaid
               expenses and other assets            (26,618)         205,442
             Decrease in other liabilities         (505,572)        (154,940)
             (Decrease) increase in due to
              affiliates                            (25,115)          88,065
                                              -------------     ------------

                  Net cash (used in) provided
                   by operating activities         (158,560)       1,518,213
                                              -------------     ------------

Cash flows from investing activities:
    Increase in other liabilities related to
        fixed asset additions                             -              911
    Fixed asset additions                                 -         (305,447)
    Proceeds from sale of property                        -       14,462,618
                                              -------------     ------------

                  Net cash provided by
                   investing activities                   -       14,158,082
                                              -------------     ------------

Cash flows from financing activities:
    Principal payments on mortgage notes
     payable                                              -         (220,190)
    Distributions                                (9,339,132)      (9,317,751)
    Repayment of mortgage note payable                    -       (3,637,387)
                                              -------------     ------------

                  Net cash used in financing
                   activities                    (9,339,132)     (13,175,328)
                                              -------------     ------------

Net (decrease) increase in cash and cash
 equivalents                                     (9,497,692)       2,500,967

Cash and cash equivalents, beginning of period   11,068,529          740,853
                                              -------------     ------------

Cash and cash equivalents, end of period      $   1,570,837     $  3,241,820
                                              =============     ============





                     The accompanying notes are an integral
                  part of the consolidated financial statements

                                       5
<PAGE>




             KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In Liquidation)

(1)  Accounting Policies

     Certain information and footnote disclosures normally included in financial
     statements  prepared  in  accordance  with  generally  accepted  accounting
     principles  have been  condensed  or  omitted  in this  report on Form 10-Q
     pursuant  to the Rules  and  Regulations  of the  Securities  and  Exchange
     Commission.  In the opinion of the General Partners of Krupp Realty Limited
     Partnership - IV and  Subsidiaries ( the  "Partnership"),  the  disclosures
     contained in this report are adequate to make the information presented not
     misleading.  See notes to Consolidated Financial Statements included in the
     Partnership's  Annual  Report on Form 10-K for the year ended  December 31,
     2001 for additional information relevant to significant accounting policies
     followed by the Partnership.

     The  consolidated   financial   statements  present   consolidated  assets,
     liabilities  and  operations  of  Pavillion  Partners,   Ltd.,   Westbridge
     Partners,  Ltd.,  and  Krupp  Realty  Limited  Partnership  -  IV.  Westcop
     Corporation  has a 1% interest in the  operations of  Westbridge  Partners,
     Ltd. and  Pavillion  Partners,  Ltd. At September 30, 2002 and December 31,
     2001,  minority interest of $0 and $203,998,  respectively,  is included in
     other assets.

     In the opinion of the General Partners of the Partnership, the accompanying
     unaudited   consolidated   financial  statements  reflect  all  adjustments
     (consisting of only normal recurring  accruals) necessary to present fairly
     the Partnership's consolidated financial position as of September 30, 2002,
     its results of operations for the three and nine months ended September 30,
     2002 and 2001 and its cash flows for the nine months  ended  September  30,
     2002 and 2001.

     The results of operations for the three and nine months ended September 30,
     2002 are not  necessarily  indicative  of the results which may be expected
     for the full year.  See  Management's  Discussion and Analysis of Financial
     Condition and Results of Operations included in this report.


(2)  Changes in Partners' Equity

     A  summary  of  changes  in  Partners'  equity  for the nine  months  ended
     September 30, 2002 is as follows:


                              Investor     Original                  Total
                              Limited      Limited      General      Partners'
                              Partners     Partner      Partners     Equity
                             -----------  -----------  -----------  -----------

         Balance at December
          31, 2001           $10,482,197  $         -      105,881  $10,588,078

         Net income              394,758            -        3,987      398,745

         Distributions:       (9,245,741)           -      (93,391)  (9,339,132)
                             -----------  -----------  -----------  -----------

         Balance at September
         30, 2002            $ 1,631,214  $         -  $    16,477  $ 1,647,691
                             ===========  ===========  ===========  ===========






                                       6
<PAGE>

             KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, Continued

(3)  Related Party Transactions

     In 2001, the partnership  paid property  management fees to an affiliate of
     the General  Partners for management  services.  Pursuant to the management
     agreements,  management  fees are  payable  monthly  at a rate of 5% of the
     gross receipts from the properties under  management.  The Partnership also
     reimburses affiliates of the General Partners for certain expenses incurred
     in connection  with the operation of the  Partnership  and its  properties,
     including administrative expenses.

     Amounts  accrued  or  paid  to the  General  Partners'  affiliates  were as
     follows:


                               For the Three Months      For the Nine Months
                               Ended September 30,       Ended September 30,
                             ------------------------  ------------------------
                                2002          2001         2002         2001
                             -----------  -----------  -----------  -----------

     Property management fees$         -  $    73,787  $     5,673  $   227,456

     Expense reimbursements          208       94,090        8,545      364,078
                             -----------  -----------  -----------  -----------

     Charge to operations    $       208  $   167,877  $    14,218  $   591,534
                             ===========  ===========  ===========  ===========

     Due from  affiliates  consisted of expense  reimbursements  of $0 and $0 at
     September 30, 2002 and December 31, 2001, respectively.







                                       7
<PAGE>



             KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES

Item 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

     This  Management's  Discussion  and  Analysis of  Financial  Condition  and
     Results of Operations contains  forward-looking  statements including those
     concerning   management's   expectations  regarding  the  future  financial
     performance and future events.  These  forward-looking  statements  involve
     significant  risks and  uncertainties,  including those  described  herein.
     Actual  results  may  differ  materially  from  those  anticipated  by such
     forward-looking statements.

     Liquidity and Capital Resources

     On August 1, 2001 the  Partnership  sold Fenland  Field to an  unaffiliated
     third party. The Partnership received $14,443,077,  net of closing costs of
     $56,923 and repaid the  mortgage  note  payable of  $3,637,387  and accrued
     interest of $28,793.

     On November 14, 2001, the Partnership  sold Walden Pond to a related party,
     KR 5 Acquisition, LLC. The Partnership received $12,521,805, net of closing
     costs of $278,195 and repaid the mortgage  note payable of  $5,819,727  and
     accrued interest of $16,824.

     On November 14, 2001,  the  Partnership  sold  Pavillion  Apartments  to an
     unaffiliated  third party.  The Partnership  received  $15,485,089,  net of
     closing costs of $87,850 and repaid the mortgage note payable of $6,531,153
     and accrued interest of $35,109.

     As of  December  31,  2001,  the  Partnership  had  no  investment  in  any
     multi-family apartment communities.

     Operations

     The following  discussion  relates to the operation of the  Partnership and
     its properties  (Fenland Field,  Pavillion and Walden Pond  Apartments) for
     the three and nine months ended  September  30, 2002 and 2001.  The sale of
     Fenland Field, Walden Pond and Pavillion Apartments as of December 31, 2001
     significantly  impacts the  comparability of the  Partnership's  operations
     between these periods.

     Net income  decreased  during the three and nine months ended September 30,
     2002  when  compared  to  the  same  period  in  2001  due to  sale  of the
     Partnership's remaining real estate assets in August and November of 2001.


Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     The Partnership's  future earnings,  cash flows and fair values relevant to
     financial  instruments  are dependent upon prevalent  market rates.  Market
     risk is the risk of loss from adverse changes in market prices and interest
     rates. The Partnership  manages its market risk by matching  projected cash
     inflows from  operating  activities,  investing  activities  and  financing
     activities   with   projected   cash   outflows  to  fund  debt   payments,
     acquisitions,   capital   expenditures,   distributions   and  other   cash
     requirements.

     A detailed  analysis of quantitative and qualitative  market risk exposures
     was provided in the  Partnership's  Annual Report on Form 10-K for the year
     ended December 31, 2001. There have been no material changes in market risk
     subsequent to that date.

     All of the Partnership's mortgage debt was repaid as of December 31, 2001.



                                       8
<PAGE>

             KRUPP REALTY LIMITED PARTNERSHIP - IV AND SUBSIDIARIES

                           PART II - OTHER INFORMATION



         Item 1.  Legal Proceedings
                    None

         Item 2.  Changes in Securities
                    None

         Item 3.  Defaults upon Senior Securities
                    None

         Item 4.  Submission of Matters to a Vote of Security Holders
                    None

         Item 5.  Other Information
                    None

         Item 6.  Exhibits and Reports on Form 8-K

                  Exhibits:
                   None

































                                       9
<PAGE>

                                    SIGNATURE

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.




                                  Krupp Realty Limited Partnership - IV
                                  ---------------------------------------------
                                                  (Registrant)

                      BY:         /s/ David C. Quade
                                  ---------------------------------------------
                                  Treasurer (Principal Financial and Accounting
                                   Officer) of The Krupp Corporation, a General
                                   Partner






DATE:    November 14, 2002




                                       10
<PAGE>

Certifications

I, Douglas Krupp, certify that:

1.   I have reviewed this quarterly  report on Form 10-Q of Krupp Realty Limited
     Partnership - IV;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date: November 14, 2002



                                /s/ Douglas Krupp
                           ---------------------------
                                  Douglas Krupp
                           Principal Executive Officer

                                       11
<PAGE>

Certifications

I, David C. Quade, certify that:

1.   I have reviewed this quarterly  report on Form 10-Q of Krupp Realty Limited
     Partnership - IV;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

2.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

3.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

4.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

5.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date: November 14, 2002



                               /s/ David C. Quade
                            ------------------------
                                 David C. Quade
                            Principal Accounting Officer

                                       12
<PAGE>




                            CERTIFICATION PURSUANT TO
                 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly  Report of Krupp Realty Limited  Partnership-IV
(the  "Partnership")  on Form 10-Q for the period  ended  September  30, 2002 as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"),  I, David C. Quade, Principal Financial and Accounting Officer of The
Krupp Corporation,  a General Partner of the Partnership,  certify,  pursuant to
U.S.C.  ss. 1350, as adopted  pursuant to ss. 906 of the  Sarbanes-Oxley  Act of
2002, that:

     (1)  The Report fully  complies with the  requirements  of Section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
          material  respects,  the financial  condition of the Partnership as of
          September 30, 2002 and the results of  operations  of the  Partnership
          for the three months period then ended.




/s/ David C. Quade
-------------------------------------------
 David C. Quade
 Principal Financial and Accounting Officer




























                                       13