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    June 30,
1997

                     OR

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

For the transition period from                
        to                     


Commission file number          0-11987      
 


 Krupp Realty Limited Partnership-IV          
         
          Massachusetts                       
   04-2772783
(State or other jurisdiction of              
       (IRS employer
incorporation or organization)               
        identification no.)


   470 Atlantic Avenue, Boston, Massachusetts 
                 02210          
  (Address of principal executive offices)   
          (Zip Code)


               (617) 423-2233
  (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 10.
<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
                                          June 30,  December 31,
                                            1997        1996    

Multi-family apartment complexes, 
  net of accumulated depreciation of 
  <S>                                       <C>         <C>    
  $25,740,286 and $24,742,332, respectively $14,887,654 $15,566,325
Cash and cash equivalents                   769,654       956,012
Replacement reserve escrow                   14,399        31,951
Prepaid expenses and other assets           540,259       809,579
Deferred expenses, net of accumulated
  amortization of $183,542 and $156,813,
  respectively                              215,116      241,845

     Total assets                       $16,427,082  $17,605,712 
                                        

                LIABILITIES AND PARTNERS' DEFICIT

Liabilities:
  Mortgage notes payable                $19,812,287  $20,192,138
  Accounts payable                           10,190       16,938
  Due to affiliates (Note 3)                 32,202       32,392
  Other liabilities                         918,920    1,206,076

     Total liabilities                   20,773,599   21,447,544

Partners' deficit (Note 2):
  Investor Limited Partners 
    (30,000 Units outstanding)           (2,725,762)  (2,246,313)
Original Limited Partner                 (1,318,741)  (1,298,552)
General Partners                        `(302,014)     (296,967)

Total Partners' deficit                  (4,346,517)  (3,841,832)

Total liabilities and Partners' deficit $16,427,082 $17,605,712

</TABLE>









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

              CONSOLIDATED STATEMENTS OF OPERATIONS
                                      
<TABLE>
<CAPTION>
                                
 For the Three Months       For the Six Months
     Ended June 30,           Ended June 30,    
   1997      1996            1997      1996   
Revenue:
  <S>         <C>        <C>                  <C>       <C>  
  Rental      $1,902,205 $1,808,922           $3,791,029$3,611,131
  Other income    13,656      36,931              27,489    78,872
  
Total revenue 1,915,861    1,845,853           3,818,518 3,690,003
  
Expenses:
  Operating (Note 3)   531,268   534,235       1,085,536 1,100,856
  Maintenance          253,304   186,050         369,491   317,027
  Real estate taxes   192,410    164,686         375,364   333,399
 Management fees (Note 3)80,562   71,353         154,855   139,989
  General and administrative
     (Note 3)           40,291    19,603          81,493    42,637
  Depreciation and
     amortization      517,274   521,716        1,024,683  1,035,714
  Interest             319,549   324,127          640,283    649,334
   
Total expenses       1,934,658 1,821,770        3,731,705 3,618,956

Income (loss) before minority
  interest     (18,797)       24,083              86,813     71,047
 
Minority interest      (396)    (1,084)        (2,073)      (2,399)
  
Net income (loss)$  (19,193)$   22,999        $   84,740$   68,648
  
Allocation of net income (loss)
  (Note 2):

  Investor Limited Partners
     (30,000 Units 
      outstanding)$  (18,234)$   21,849       $   80,503 $   65,216

 Per Unit of Investor
 Limited Partner Interest$     (.61)$      .72$     2.68$    2.17

 Original Limited Partner $     (767)$      920$    3,390$  2,746

 General Partners        $      (192)$      230     $ 847$    686

</TABLE>
 










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

              CONSOLIDATED STATEMENTS OF CASH FLOWS
                           __________
<TABLE>
<CAPTION>
       For the Six Months
          Ended June 30,   
        1997       1996  

Operating activities:
  <S>                                       <C>        <C>
  Net income                                $ 84,740   $   68,648
  Adjustment to reconcile net income to net              
     cash provided by operating activities:   
     Depreciation and amortization         1,024,683    1,035,714
     Changes in assets and liabilities:
       Decrease in prepaid expenses
         and other assets                    269,320      100,998
       Decrease in other liabilities        (287,156)    (103,323)
       Decrease in accounts payable           (6,802)     (49,554)
       Decrease in due to affiliates           (190)      (79,695)

          Net cash provided by operating
            activities                     1,084,595      972,788
  
Investing activities:
  Deposits to replacement reserve escrow     (31,430)     (31,430)
  Withdrawals from replacement reserve escrow 48,982     33,441 
  Increase in accounts payable for fixed asset
     additions                                     54        5,146
     Additions to fixed assets               (319,283)    (211,385)

Net cash used in investing activities       (301,677)     (204,228)
  
Financing activities:
  Principal payments on mortgage notes payable(379,851)(370,801)
  Distributions                             (589,425)  (1,902,456)
  
          Net cash used in financing
          activities                          (969,276)(2,273,257)
  
Net decrease in cash and cash equivalents   (186,358) (1,504,697)
  
Cash and cash equivalents, beginning of period  956,012 1,802,694
  
Cash and cash equivalents, end of period    $  769,654$1,297,997

</TABLE>














             The accompanying notes are an integral
         part of the consolidated financial statements.
<PAGE>
      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, 1996
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 June 30, 1997, a minority
interest of $23,899 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 June 30, 1997, its
results of operations for the three and six
months ended June 30, 1997 and 1996 and its
cash flows for the six months ended June 30,
1997 and 1996.  Certain prior year balances
have been reclassified to conform with current
year consolidated financial statement
presentation.
  
The results of operations for the three and
six months ended June 30, 1997 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' Deficit

A summary of changes in Partners' deficit for
the six months ended June 30, 1997 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, 1996$(2,246,313)$(1,298,552)$(296,967)$(3,841,832)

 Net income     80,503      3,390            847      84,740

 Distributions (559,952)    (23,579)   (5,894)   (589,425)

 Balance at
 June 30, 1997 $(2,725,762)$(1,318,741)$(302,014)$(4,346,517)
</TABLE>



Continued
      KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES
     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
                                     


(3)Related Party Transactions

Commencing with the date of acquisition of the
Partnership's properties, the Partnership
entered into agreements under which property
management fees are paid to an affiliate of
the General Partners for services as
management agent.  Such agreements provide for
management fees payable monthly at a rate of
5% of the gross receipts from the properties
under management.  These management agreements
were sold to BRI OP Limited Partnership, a
subsidiary of Berkshire Realty Company Inc., a
publicly traded real estate investment trust
and an affiliate of the General Partners, on
February 28, 1997.  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 accounting, computer,
insurance, travel, legal and payroll; and with
the preparation and mailing of reports and
other communications to the Limited Partners.

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

<TABLE>
<CAPTION>
              For the Three Months         For the Six Months
                  Ended June 30,             Ended June 30,
                     1997    1996            1997       1996   

Property management
<S>                   <C>        <C>            <C>          <C>
fees                  $ 80,562   $ 71,353       $154,855     $139,989

Expense reimbursements  68,177     62,466      130,514         125,702

Charged to operations$148,739    $133,819     $285,369        $265,691
</TABLE>
Due to affiliates consisted of expense
reimbursements of $32,202 and $32,392 at June
30, 1997 and December 31, 1996, respectively.

   

<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 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 Partnership expects to spend approximately
$1,484,000 for capital improvements in 1997. 
In order to fund the improvements, the
Partnership will use its existing cash
reserves, reserve for replacement, cash flow
from operations as well as any proceeds
received from refinancing.  These improvements
consist of internal and external enhancements
which include the replacement of appliances,
carpeting and vinyl flooring at various
properties as well as extensive painting of
the building exteriors at Walden Pond
Apartments ("Walden Pond").  The Partnership
believes that the improvements are necessary
to improve the quality of rental units and
to compete in the properties current market
conditions

The General Partners are in the process of
acquiring an additional loan for Walden Pond
and expect to close in August 1997.  It is
expected that the new $900,000 note will bear
interest at a rate of 9.5% and will mature in
February 1999 in conjunction with the first
mortgage note.  Increased liquidity will be
used to fund capital improvements at the
Partnership's properties.     

Cash Flow

Shown below is the calculation of Cash Flow as
defined by Section 8.2(a) of the Partnership
Agreement for the six months ended June 30,
1997.  The General Partners provide the
information below to meet requirements of the
Partnership Agreement.  However, Cash Flow
should not be considered by the reader as a
substitute to net income (loss), as an
indicator of the Partnership's operating
performance or to cash flows as a measure of
liquidity.
<TABLE>
<CAPTION>
                                              Rounded to $1,000

  <S>                                            <C>
  Net loss for tax purposes                      $(114,000)

  Items not requiring or (requiring) 
   the use of operating funds:
     Tax basis depreciation and amortization        973,000
     Tax basis principal payments on mortgage      (129,000) 
     Expenditures for capital improvements         (319,000)
     Amounts released from working capital reserves 178,000  

  Cash Flow                                       $ 589,000
</TABLE>
                            Continued
<PAGE>
KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES
                                     



Operations                                                       
   
Cash Flow, before additions to working capital
reserves, increased during the six months
ended June 30, 1997, as compared to the six
months ended June 30, 1996, as the increase in
net income, plus depreciation and
amortization, more than offset the increase in
capital improvements.

Total revenue increased for the three and six
months ended June 30, 1997, as compared to the
three and six months ended June 30, 1996, as a
result of rental rate increases implemented at
all the Partnership's properties.  This
increase is partially offset by a decrease in
interest income due to lower cash and cash
equivalents available for investment.  

Total expenses increased for the three and six
months ended June 30, 1997 as compared to the
three and six months ended June 30, 1996,
primarily due to increases in  maintenance,
real estate taxes, management fees and general
and administrative expenses.  Maintenance
expense increased due to paving repairs at
Pavillion, Walden Pond and Indian Run
Apartments along with additional landscaping
work at Pavillion and Fenland Field
Apartments.  Real estate taxes increased due
to greater property value assessments for
Indian Run and Pavillion Apartments. 
Management fees increased in conjunction with
the rise in rental revenue. General and
administrative expense increased as a result
of legal, mailing and printing costs related
to the Partnership's response to the
unsolicited tender offers to purchase
Partnership Units.  In addition, increased
charges were incurred in connection with the
preparation and mailing of Partnership reports
and other investor communications.
<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
                      Response:  None

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



<PAGE>

DATE: August 11, 1997