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              June 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 11.



<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)
                                              June 30,      December 31,
                                                2002            2001
                                            ------------    ------------

Cash and cash equivalents                   $  1,587,023    $ 11,068,529
Real estate tax escrows                           32,399          32,399
Prepaid expenses and other assets                 90,620          19,190
                                            ------------    ------------

      Total assets                          $  1,710,042    $ 11,120,118
                                            ============    ============

                        LIABILITIES AND PARTNERS' EQUITY

Liabilities:
     Due to affiliates                             9,631          25,115
     Other liabilities                           426,495         506,925
                                            ------------    ------------
      Total liabilities                          436,126         532,040

Partners' equity (Note 2):
     Investor Limited Partners (30,000 Units
      outstanding)                             1,261,176      10,482,197
     Original Limited Partner                          -               -
     General Partners                             12,740         105,881
                                            ------------    ------------
      Total partners' equity                   1,273,916      10,588,078
                                            ------------    ------------
      Total liabilities and partners'
       equity                               $  1,710,042    $ 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 Six Months
                                 Ended June 30,              Ended June 30,
                            ------------------------   ------------------------
                                2002         2001          2002         2001
                            -----------  -----------   -----------  -----------
Revenue:
    Rental                  $         -  $ 1,849,081   $         -  $ 3,645,187
    Interest Income               6,299            -        57,059            -
    Other Income                  5,095       10,497         7,440       28,719
                            -----------  -----------   -----------  -----------
         Total revenue           11,394    1,859,578        64,499    3,673,906
                            -----------  -----------   -----------  -----------

Expenses:
    Operating (Note 5)             (682)     481,755        22,914      993,860
    Maintenance                       -      154,819             -      273,418
    Real estate taxes                 -      195,279             -      379,314
    Management fees
     (Note 5)                     5,334       78,265        11,004      153,669
    General and
     administrative (Note 5)      2,696       72,074         5,736      194,898
    Depreciation and
     amortization                     -      407,570             -      814,295
    Interest                          -      355,503             -      750,192
                            -----------  -----------   -----------  -----------

         Total expenses           7,348    1,745,265        39,654    3,559,646
                            -----------  -----------   -----------  -----------

Income before minority
 interest                         4,046      114,313        24,845      114,260

Minority interest                     -       (1,030)          125       (1,451)
                            -----------  -----------   -----------  -----------

Net income                  $     4,046  $   113,283   $    24,970  $   112,809
                            ===========  ===========   ===========  ===========

Allocation of net income
    (Note 4):

    Investor Limited Partners
      (30,000 Units
        outstanding):
         Net income         $     4,006   $  107,619   $    24,720  $   107,169
                            ===========  ===========   ===========  ===========

    Investor Limited Partners
      Per Unit:
          Net Income        $      0.13  $      3.59   $      0.82  $      3.57
                            ===========  ===========   ===========  ===========

    Original Limited Partner
      (100 Units outstanding):
         Net income         $         -  $     4,531   $         -  $     4,512
                            ===========  ===========   ===========  ===========

    General Partners:
         Net income         $        40  $     1,133   $       250  $     1,128
                            ===========  ===========   ===========  ===========

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

                                       3
<PAGE>

              KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES

             CONSOLIDATED STATEMENTS OF CASH FLOWS (In Liquidation)

                                   (Unaudited)

                                                 For the Six Months
                                                   Ended June 30,
                                            ----------------------------
                                                2002            2001
                                            ------------    ------------

Cash flows from operating activities:
    Net income                              $     24,970    $    112,809
    Adjustment to reconcile net income to
     net cash provided by operating
     activities:
       Depreciation and amortization                   -         814,295
       Changes in assets and liabilities:
        (Increase) decrease in prepaid
          expenses and other assets              (71,430)        324,213
         Decrease in other liabilities           (80,430)       (270,492)
         Decrease (increase) in due to
          affiliates                             (15,484)         38,789
                                            ------------    ------------

           Net cash (used in) provided by
            operating activities                (142,374)      1,019,614
                                            ------------    ------------

Cash flows from investing activities:
    Increase in other liabilities related to
     fixed asset additions                             -           2,364
    Fixed asset additions                              -        (193,055)
                                            ------------    ------------

           Net cash used in investing
            activities                                 -        (190,691)
                                            ------------    ------------

Cash flows from financing activities:
    Principal payments on mortgage notes
     payable                                           -        (176,155)
    Distributions                             (9,339,132)       (389,784)
                                            ------------    ------------

           Net cash used in financing
            activities                        (9,339,132)       (565,939)
                                            ------------    ------------

Net (decrease) increase in cash and cash
 equivalents                                  (9,481,506)        262,984

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

Cash and cash equivalents, end of period    $  1,587,023    $  1,003,837
                                            ============    ============









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

                                       4
<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 Pavillion Partners, Ltd. At
     June 30, 2002 and  December  31,  2001,  minority  interest of $203,873 and
     $203,998, respectively is included in other liabilities.

     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 June 30, 2002, its
     results of operations  for the three and six months ended June 30, 2002 and
     2001, and cash flows for the six months ended June 30, 2002 and 2001.

     During 2001, the  Partnership  sold its remaining real estate  investments,
     and its  intention  is to liquidate  the  Partnership's  remaining  assets,
     distribute its remaining cash and dissolve the Partnership in 2002.

     The results of operations  for the three and six months ended June 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 six months ended June 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                       24,720            -           250       24,970

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

Balance at June 30, 2002    $ 1,261,176  $         -        12,740  $ 1,273,916
                            ===========  ===========   ===========  ===========

                                    Continued



                                       5
<PAGE>


              KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES

     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In Liquidation), Continued

(3)  Related Party Transactions

     During 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 Six Months
                                 Ended June 30,             Ended June 30,
                            ------------------------   ------------------------
                               2002          2001         2002          2001
                            -----------  -----------   -----------  -----------

     Property management
      fees                  $     5,334  $    78,265   $    11,004  $   153,669

     Expenses reimbursement         207      104,627         8,337      269,988
                            -----------  -----------   -----------  -----------
      Charged to operations $     5,541  $   182,892   $    19,341  $   423,657
                            ===========  ===========   ===========  ===========

     Due from affiliates consisted of expense reimbursements of $0 and $0 and is
     included in prepaid expenses and other assets at June 30, 2002 and December
     31, 2001, respectively.



























                                    Continued


                                       6
<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 contain  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 20, 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  June  30,  2002  and  December  31,  2001,  the  Partnership  had no
     investment in any multi-family apartment communities.

     Operations

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

     Net income  decreased  during the three and six months  ended June 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.

     Total  revenue  for the six  months  ended  June 30,  2002  decreased  when
     compared to the six months  ended June 30,  2001.  Interest  income  earned
     increased  substantially  from the cash proceeds  received from the sale of
     the Partnership's real estate properties.

     Total expenses for the quarter ended June 30, 2002 decreased  significantly
     when  compared to the same period in 2001 since the  Partnership  no longer
     has ownership in any real estate properties as of December 31, 2001.




                                       7
<PAGE>


              KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES

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 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 June  30,  2002 and
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
                    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
                                  ---------------------------------------------
                                  David C. Quade
                                  Treasurer (Principal Financial and Accounting
                                   Officer) of The Krupp Corporation, a General
                                   Partner






DATE:    August 14, 2002






                                       10
<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 June 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 June 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




















                                       11