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

                  FORM 10-Q

(Mark One)

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

For the quarterly period ended    March 31,1999

                     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

<TABLE>
<CAPTION>


                             ASSETS
                                        (Unaudited) 
                                          March 31, December 31,
                                            1999        1998    
Multi-family apartment complexes, net of 
 accumulated depreciation of $23,627,670
 <S>                                    <C>          <C>
 and $23,263,961, respectively (Note 3) $11,417,758  $11,585,489
Cash and cash equivalents                   662,052      774,230
Prepaid expenses and other assets           407,205      795,705
Deferred expenses, net of accumulated
 amortization of $241,094 and $256,510,
 respectively (Notes 2 and 3)               106,505       90,528

    Total assets                        $12,593,520  $13,245,952 
                                        

                LIABILITIES AND PARTNERS' DEFICIT

Liabilities:
 Mortgage notes payable (Notes 2 and 3) $16,782,705  $16,933,049
 Due to affiliates (Note 5)                  85,151       10,734
 Other liabilities                          540,557      938,569

    Total liabilities                    17,408,413   17,882,352

Partners' deficit (Note 4):
 Investor Limited Partners 
   (30,000 Units outstanding)            (3,149,223)  (2,979,654)
  Original Limited Partner               (1,358,969)  (1,351,830)
  General Partners                         (306,701)    (304,916)

    Total Partners' deficit              (4,814,893)  (4,636,400)

Total liabilities and Partners' deficit $12,593,520  $13,245,952

</TABLE>
             The accompanying notes are an integral
         part of the consolidated financial statements.
      KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES

              CONSOLIDATED STATEMENTS OF OPERATIONS
                                      
(Unaudited)
<TABLE>
<CAPTION>
                                           For the Three Months   
                                              Ended March 31, 
                                           1999        1998   
Revenue:
  <S>                                   <C>         <C>
  Rental                                $1,718,127  $1,950,181
  Other income                              12,745      23,398

      Total revenue                      1,730,872   1,973,579
  
Expenses:
  Operating (Note 5)                       419,744     565,146
  Maintenance                              128,997     104,318
  Real estate taxes                        188,983     206,577
  Management fees (Note 5)                  65,202      81,661
  General and administrative (Note 5)       30,530      30,338
  Depreciation and amortization            378,182     486,774
  Interest                                 306,293     336,643

      Total expenses                     1,517,931   1,811,457

Income before minority interest, gain on 
  sale of property and extraordinary loss  212,941     162,122

Minority interest                           (1,651)     (1,447)

Gain on sale of property (Note 3)             -      2,979,330

Income before extraordinary loss           211,290   3,140,005

Extraordinary loss from early
  extinguishment of debt (Note 3)             -       (389,523)

Net income                              $  211,290  $2,750,482

Allocation of net income (Note 4):

  Investor Limited Partners 
  (30,000 Units outstanding):
     Income before gain on sale of property
       and extraordinary loss           $  200,725  $  152,641
     Gain on sale of property                 -      2,949,537
     Extraordinary loss                       -       (385,628)
     Net income                         $  200,725  $2,716,550

  Investor Limited Partners Per Unit:
     Income before gain on sale of property
       and extraordinary loss           $    6.69  $     5.08
     Gain on sale of property                 -          98.32
     Extraordinary loss                       -         (12.85)
     Net income                         $     6.69  $    90.55

</TABLE>






Continued
      KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES

        CONSOLIDATED STATEMENTS OF OPERATIONS, Continued
                                      
(Unaudited)
<TABLE>
<CAPTION>
                                           For the Three Months   
                                              Ended March 31,    
                                           1999        1998   

   Original Limited Partner 
   (100 Units outstanding):
      Income before gain on sale of property
        <S>                               <C>      <C> 
        and extraordinary loss            $ 8,452  $ 6,427   

      Gain on sale of property                -         -   
      Extraordinary loss                      -         -   
      Net income                        $    8,452  $ 6,427
      
   General Partners:
      Income before gain on sale of property
        and extraordinary loss          $    2,113  $    1,607
      Gain on sale of property                -         29,793
      Extraordinary loss                      -         (3,895)
      Net income                        $    2,113  $   27,505


             The accompanying notes are an integral
         part of the consolidated financial statements.
      KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES

              CONSOLIDATED STATEMENTS OF CASH FLOWS
                                     
(Unaudited)
     For the Three Months                        Ended March 31, 

                                              1999      1998 

Cash flows from operating activities:
    Net income                              $211,290  $2,750,482
    Adjustment to reconcile net income to net
    cash provided by operating activities:
   
Depreciation and amortization                378,182     486,774
Interest earned on repair escrow                  -    (12,898)
Gain on sale of property                          -  (2,979,330)
Extraordinary loss from early extinguishment
of debt                                           -      389,523
        Changes in assets and liabilities:
                                            
Decrease in prepaid expenses and other assets   388,500   445,521

Decrease in other liabilities                 (399,049)(549,729)
           Increase in due to affiliates        74,417   59,641
Releases from real estate tax and insurance escrows 
due to sale of property                           -       33,722

Net cash provided by operating activities     653,340    623,706

Cash flows from investing activities:
    Deposits to replacement reserve and repair 
      escrows                                   -       (10,769)
     Withdrawals from replacement reserve and repair
      escrows                                   -       315,159
     Release from replacement reserve escrow due to
      sale of property                            -      11,493
     Decrease in deferred expenses                -       3,191
     Increase in other liabilities for fixed asset
      additions                                1,037     10,035
     Additions to fixed assets                (195,978)(330,907)
    Proceeds from sale of property, net           -    5,724,255

Net cash provided by (used in)investing 
 activities                                  (194,941) 5,722,457

Cash flows from financing activities:
Principal payments on mortgage notes payable (150,344) (194,737)
    Distributions                            (389,783) (589,425)
    Repayment of mortgage note payable            -  (2,638,042)
    Increase in deferred expenses             (30,450)     -
    Payment of prepayment premium               -      (335,863)

    Net cash used in financing                                 
activities                                  (570,577)(3,758,067)

Net increase (decrease) in cash and cash equivalents    
                                            (112,178) 2,588,096
Cash and cash equivalents, beginning of period774,230   402,621

Cash and cash equivalents, end of period    $662,052$2,990,717

</TABLE>
             The accompanying notes are an integral
         part of the consolidated financial statements.
      KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                     

(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, 1998
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 March 31, 1999 and December
31, 1998, minority interest of $14,058 and
$15,709, 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 March 31, 1999 and
its results of operations and cash flows for
the three months ended March 31, 1999 and
1998.  Certain prior period balances have been
reclassified to conform with current period
consolidated financial statement presentation.

The results of operations for the three months
ended March 31, 1999 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)Mortgage Notes Payable

On February 28, 1999, the Partnership
completed the refinancing of Walden Pond
Apartments' mortgage notes payable of
$5,500,000 and $900,000 with monthly principal
payments of $6,500 and $1,100, respectively,
and interest payments at the Contract rate of
interest equal to the greater of (a) 0.5% per
annum in excess of prime rate, or (b) 8% per
annum.  The mortgage notes mature on February
28, 2001 and may be prepaid in whole, but not
in part, without a prepayment premium with 45
days prior written notice.  The Partnership
paid closing costs of $30,450 for the
refinancing.

                         Continued<PAGE>
                                
           KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES
      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, Continued
                                     

(3)Sale of Property
                                  
On March 31, 1998, the Partnership sold Indian
Run Apartments ("Indian Run"), a 256-unit
multi-family apartment complex, located in
Abilene, Texas, to an unaffiliated third
party.  The Partnership received $5,850,000,
less repayment of the mortgage note payable
and interest of $2,658,664 and closing costs
of $138,518.  For financial reporting
purposes, the Partnership realized a gain of
$2,979,330 on the sale as of March 31, 1998. 
The Partnership realized a final gain of
$2,960,743 on the sale as of December 31,
1998.  The gain was calculated as the
difference between the property's selling
price less net book value of the property and
closing costs.

In conjunction with the sale of the property
on March 31, 1998, the Partnership prepaid the
mortgage note.  As a result of the retirement
of debt, the Partnership incurred a prepayment
premium of $335,863.  The prepayment premium,
as well as unamortized deferred mortgage costs
of $53,660, are reported in the Consolidated
Statement of Operations as an extraordinary
loss from early extinguishment of debt.
                                  
(4)Changes in Partners' Deficit
A summary of changes in Partners' deficit for
the three months ended March 31, 1999 is as
follows:
<TABLE>
<CAPTION>
                                                        
                        Investor   Original              Total
                        Limited    Limited    General  Partners'
                        Partners   Partner    Partners  Deficit  

    Balance at
 <S>               <C>         <C>         <C>       <C>
 December 31, 1998 $(2,979,654)$(1,351,830)$(304,916)$(4,636,400)

 Net income            200,725       8,452       2,113    211,290
    Distributions        (370,294) (15,591)     (3,898)   (389,783)

    Balance at
    March 31, 1999 $(3,149,223)$(1,358,969)$(306,701)$(4,814,893)

</TABLE>


                          Continued<PAGE>
      KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES
      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, Continued
                                     

(5)Related Party Transactions

The Partnership pays 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:
<TABLE>
<CAPTION>
                                             For the Three Months
                                                Ended March 31,  
                                               1999      1998  

       <S>                                   <C>         <C>
       Property management fees              $ 65,202    $ 81,661 
 
      
       Expense reimbursements                  27,795    38,952

          Charged to operations              $ 92,997  $120,613
</TABLE>

    Due to affiliates consisted of expense
    reimbursements of $85,151 and $10,734 at
    March 31, 1999 and December 31, 1998,
    respectively.
    

      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 risk and
uncertainties, including those described
herein.  Actual results may differ materially
from those anticipated by such forward-looking
statements.

Liquidity and Capital Resources

The Partnership's ability to generate cash
adequate to meet its needs is dependent
primarily upon the operations of its remaining
real estate investments.  Such ability would
also be impacted by the future availability of
bank borrowings, and upon the future
refinancing and sale of the Partnership's real
estate investments.  These sources of
liquidity will be used by the Partnership for
payment of expenses related to real estate
operations, capital improvements, debt service
and other expenses.  Cash flow, if any as
calculated under Section 8.2(a) of the
Partnership Agreement, will then be available
for distribution to the Partners.

The General Partners, on an ongoing basis,
assess the current and future liquidity needs
in determining the levels of working capital
reserves the Partnership should maintain. 
Adjustments to distributions are made when
appropriate to reflect such assessments.  Due
to improved operations during the last half of
1998, the General Partners increased the
distribution rate from $9.33 per Unit paid in
August, 1998 to $24.69 per Unit, beginning
with the distribution paid in February, 1999. 
The Partnership made a special distribution of
$2,034,000, $67.12 per Unit, during the second
quarter of 1998 based on the remaining
proceeds from the sale of Indian Run
Apartments.

On March 31, 1998, the Partnership sold Indian
Run to an unaffiliated third party.  The
Partnership received $5,850,000, less
repayment of the mortgage note payable and
interest of $2,658,664 and closing costs of
$138,528.  Proceeds from the sale were
retained to fund liabilities of the
Partnership and reserves for contingent
liabilities.  The balance of the reserves
remaining after satisfaction of such
contingencies were distributed in accordance
with the Partnership Agreement. 

On February 28, 1999, the Partnership
completed the refinancing of Walden Pond
Apartments' mortgage notes payable of
$5,500,000 and $900,000 which mature on
February 28, 2001.  The Partnership paid
closing costs of $30,450 for the refinancing
(see Note 2).

The Partnership apartment markets are currently 
experiencing an increase in competition from recently
renovated existing properties and new construction.
The General Partners are in the process of evaluating
strategies to improve the competitiveness, which may
include the possibility of additional capital expenditures
to modernize the Partnership's properties.

The General Partners of the Partnership have
conducted an assessment of the Partnership's
core internal and external computer
information systems and have taken the further
necessary steps to understand the nature and
extent of the work required to make its
systems Year 2000 ready in those situations in
which it is required to do so.  The Year 2000
readiness issue concerns the inability of
computerized information systems to accurately
calculate, store or use a date after 1999. 
This could result in a system failure or
miscalculations causing disruptions of
operations.  The Year 2000 issue affects
virtually all companies and all organizations.
Continued
   KRUPP REALTY LIMITED PARTNERSHIP-IV AND
SUBSIDIARIES
                           

Liquidity and Capital Resources, Continued

In this regard, the General Partners of the
Partnership, along with certain affiliates,
began a computer systems project in 1997 to
significantly upgrade its existing hardware
and software.  The General Partners completed
the testing and conversion of the financial
accounting operating systems in February 1998. 
As a result, the General Partners have
generated operating efficiencies and believe
their financial accounting operating systems
are Year 2000 ready.  Costs incurred by the
Partnership are not significant to date. 
There are no other systems or software that
the Partnership is using at the present time.

The General Partners of the Partnership are
currently in the process of identifying,
evaluating and remedying the Partnership's
Year 2000 compliance issues with respect to
its non-financial systems, such as computer
controlled elevators, boilers, chillers or
other miscellaneous systems.  The General
Partners are in the process of completing the
Partnership's Year 2000 compliance initiatives
at its properties.  Based on their
identification and assessment efforts to date,
the General Partners believe that certain of
the computer equipment and software the
Partnership currently uses will require
modification or replacement.  However, the
General Partners do not believe that the
future efforts to achieve the Partnership's
Year 2000 compliance initiatives will result
in material cost to the Partnership or
significantly interrupt services or
operations.

The General Partners of the Partnership are in
the process of evaluating the potential
adverse impact that could result from the
failure of material third-party service
providers (including but not limited to its
banks and telecommunications providers) and
significant vendors to be Year 2000 ready.  No
estimate can be made at this time as to the
impact of the readiness of such third parties. 
However, if any of the third party service
providers cease to conduct business due to
Year 2000 related problems, the General
Partners expect to be able to contract with
alternate providers without experiencing any
material adverse effects on the Partnership's
financial condition and results of operations. 
The Partnership is in the process of
coordinating their contingency plan with the
property manager in charge of operations.

Operations

The following discussion relates to the
operations of the Partnership and its
properties (Fenland Field, Pavillion and
Walden Pond Apartments) for the three  months
ended March 31, 1999 and 1998.  The sale of
Indian Run on March 31, 1998, significantly
impacts the comparability of the Partnership's
operations between these periods.

Net income, net of Indian Run's activity,
increased for the three months ended March 31,
1999 when compared to the same period in 1998
as the increase in total revenue more than
offset the increase in total expenses.  The
increase in total revenue is a result of
rental rate increases implemented at Walden
Pond and Pavillion Apartments, as well as an
increase in occupancy at Pavillion Apartments. 
Interest income decreased due to higher cash
and cash equivalents balances available for
investment in 1998, a result of the sale of
Indian Run Apartments in 1998.

Continued
      KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES
                                     

Operations, Continued

Total expenses for the three months ended
March 31, 1999, net of Indian Run's activity,
increased as compared to the three months
ended March 31, 1998 with increases in
maintenance, real estate taxes and interest
expenses, partially offset by a decrease in
operating expense.  Maintenance increased due
to landscaping and other exterior
beautification upgrades at Pavillion and snow
removal expenditures at Fenland Field.  Real
estate taxes increased as a result of the
reassessments of Walden Pond and Pavillion
Apartments' property value by the local taxing
authority.   Interest expense increased with
the refinancing of Walden Pond Apartments'
mortgage notes payable (see Note 2). 
Operating expense decreased primarily due to a
reduction in insurance liability and workers
compensation expense at the Partnership's
properties, due to lower claims experience.
<PAGE>
                                
         KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES

                   PART II - OTHER INFORMATION
                                      


Item 1.   Legal Proceedings
      Response:  None

Item 2.   Changes in Securities
      Response:  None

Item 3.   Defaults upon Senior Securities
      Response:  None

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

Item 5.   Other Information
      Response:  None

Item 6.   Exhibits and Reports on Form 8-K
      
      (a) Exhibits
          Walden Pond Apartments
          (10.1)    First Renewal, Extension and Modification     
                    Agreements dated February 28, 1999 between    
                    Westbridge Partners, Ltd. and FirstTrust      
                    Savings Bank.

      (b) Reports on Form 8-K
          Response:             None



                            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/Wayne H. Zarozny            
                                   Wayne H. Zarozny    
                                   Treasurer and Chief Accounting
                                   Officer of the Krupp
                                   Corporation,a General Partner.




DATE:  May 14, 1999
<PAGE>