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,
1998

                     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
                                          March 31, December 31,
                                            1998        1997    
Multi-family apartment complexes, net of 
 accumulated depreciation of $22,030,721
 <S>                                   <C>           <C>
 and $26,859,567, respectively (Note 3)$12,064,839   $14,947,503
Cash and cash equivalents                2,990,717       402,621
Replacement reserve and repair escrows
 (Note 3)                                      -         302,985
Prepaid expenses and other assets           372,321      852,446
Deferred expenses, net of accumulated
 amortization of $208,372 and $218,977,
 respectively (Notes 2 and 3)               138,666      212,763

    Total assets                        $15,566,543  $16,718,318 
                                        

                LIABILITIES AND PARTNERS' DEFICIT

Liabilities:
 Mortgage notes payable (Notes 2 and 3)$17,494,807   $20,327,586
 Accounts payable                           36,123          -
 Due to affiliates (Note 5)                 101,212       41,571
 Other liabilities                          636,911    1,212,728

    Total liabilities                    18,269,053   21,581,885

Partners' deficit (Note 4):
 Investor Limited Partners 
   (30,000 Units outstanding)            (1,044,777)  (3,216,956)
  Original Limited Partner               (1,372,158)  (1,339,425)
  General Partners                         (285,575)    (307,186)

    Total Partners' deficit              (2,702,510)  (4,863,567)

Total liabilities and Partners' deficit $15,566,543  $16,718,318

</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   
                                              Ended March 31,    
                                           1998        1997   
Revenue:
 <S>                                    <C>         <C>
 Rental                                 $1,950,181  $1,888,824
 Other income                               23,398      13,833

      Total revenue                      1,973,579   1,902,657
 
Expenses:
 Operating (Note 5)                        565,146     554,268
 Maintenance                               104,318     116,187
 Real estate taxes                         206,577     182,954
 Management fees (Note 5)                   81,661      74,293
 General and administrative (Note 5)        30,338      41,202
 Depreciation and amortization             486,774     507,409
 Interest                                  336,643     320,734

      Total expenses                     1,811,457   1,797,047

Income before minority interest, extraordinary
 loss from early extinguishment of debt and
 gain on sale of property                  162,122     105,610

Minority interest                           (1,447)     (1,677)

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

Income (loss) before gain on sale of 
property                                (228,848)      103,933

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

Net income                              $2,750,482  $  103,933

Allocation of net income (Note 4):

 Investor Limited Partners 
 (30,000 Units outstanding):
    Income (loss) before gain on sale of
      property                          $ (217,406) $   98,737
    Gain on sale of property             2,949,537        -   
    Net income                          $2,732,131  $   98,737

 Investor Limited Partners Per Unit:
    Income (loss) before gain on sale of
      property                          $    (7.25) $     3.29
    Gain on sale of property                 98.32        -   
    Net income                          $    91.07  $     3.29

 Original Limited Partner 
    (100 Units outstanding):
    Income (loss) before gain on sale of
      property                          $   (9,154) $    4,157
    Gain on sale of property                  -           -   
    Net income (loss)                   $   (9,154) $    4,157
    
 General Partners:
    Income (loss) before gain on sale of
      property                          $   (2,288) $    1,039
    Gain on sale of property                29,793        -   
    Net income                          $   27,505  $    1,039

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

              CONSOLIDATED STATEMENTS OF CASH FLOWS
                                     

    For the Three Months                                
    Ended March 31,                            1998       1997  


Operating activities:
  Net income                                $2,750,482 $103,933
  Adjustments to reconcile net income to net
   cash provided by operating activities:
                                            
Depreciation and amortization                  486,774  507,409
                                            
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 445,521   413,258 
                                            
Decrease in other liabilities                (575,817)(454,512)
                                            
Increase in accounts payable                   26,088    4,110
                                            
Increase in due to affiliates                   59,641   8,112
                                            
Releases from real estate tax and insurance
       escrows due to sale of property          33,722       -  


Net cash provided by operating activities      623,706  582,310

Investing activities:
  Deposits to replacement reserve escrow      (10,769)(15,715)
  Withdrawals from replacement reserve and repair
   escrows                                     315,159 27,412
  Release from replacement reserve escrow due to
  sale of property                              11,493       -
  Decrease in deferred expenses                  3,191       -
  Increase (decrease) in accounts payable for fixed
   asset additions                              10,035   (799)
  Additions to fixed assets                  (330,907)(130,440)
  Proceeds from sale of property, net        5,724,255       -  


  Net cash provided by (used in)
  investing activities                       5,722,457 (119,542)

Financing activities:
  Principal payments on mortgage notes payable(194,737)(189,333)
  Distributions                               (589,425)(589,425)
  Repayment of mortgage note payable        (2,638,042)    -   
  Payment of prepayment premium               (335,863)      -  


  Net cash used in financing activities     (3,758,067)(778,758)

Net increase (decrease) in cash and 
cash equivalents                             2,588,096(315,990)

Cash and cash equivalents, beginning of period402,621   956,012

Cash and cash equivalents, end of period    $2,990,717 $ 640,022


</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, 1997
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, 1998, minority
interest of $20,290, 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, 1998 and
its results of operations and cash flows for
the three months ended March 31, 1998 and
1997.

The results of operations for the three months
ended March 31, 1998 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 July 31, 1997, the General Partners secured
a $900,000 non-recourse note (the "Note") for
Walden Pond Apartments ("Walden Pond") from
the same lender which holds the first mortgage
note.  The Note bears interest at a rate of
9.5% per annum and, commencing September 1,
1997, requires monthly, interest-only payments
until the maturity date.  The Note matures on
February 28, 1999, in conjunction with the
first mortgage note, at which time all
outstanding principal and any accrued interest
is due.  The Note may be prepaid in its
entirety without penalty, upon 90 days written
notice, and simultaneous payment of the first
mortgage note. Proceeds from the Note were
deposited into an escrow account and were used
to fund capital improvements at the property. 
The Partnership paid closing costs of $23,110
to secure the Note.









                                  
               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 $125,745.  For financial reporting
purposes, the Partnership realized a gain of
$2,979,330 on the sale.  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 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, 1998 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, 1997 $(3,216,956)$(1,339,425)$(307,186)$(4,863,567)

    Income (loss) before
      gain on sale of
      property        (217,406)     (9,154)     (2,288)   (228,848)

    Gain on sale of 
      property        2,949,537        -        29,793  2,979,330
    Distributions        (559,952)  (23,579)   (5,894)   (589,425)

    Balance at
    March 31, 1998$(1,044,777)$(1,372,158)$(285,575)$(2,702,510)



</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,  
                                               1998      1997  

       <S>                                   <C>         <C>
       Property management fees              $ 81,661    $ 74,293 
 
      
       Expense reimbursements                  38,952    62,337

          Charged to operations              $120,613  $136,630

</TABLE>
    Due to affiliates consisted of expense reimbursements of
    $101,212 and $41,571 at March 31, 1998 and December 31, 1997,
    respectively.
    
(6) Subsequent Event

As a result of the sale of Indian Run
Apartments on March 31, 1998, the      
Partnership filed a report on Form 8-K on
April 16, 1998.






























   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.

In order to remain competitive in their
respective markets, the Partnership's
properties have spent approximately $331,000
to date and are anticipated to spend
approximately $1,207,000 for fixed assets in
1998.  These capital improvements consist of
internal and external enhancements which
include the replacement of appliances,
carpeting and vinyl flooring at the properties
as well as extensive building exterior
improvements at Pavillion Apartments.  The
Partnership expects to fund these improvements
from established reserves and proceeds from
the Walden Pond additional note (see Note 2).

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
$125,745.  Proceeds from the sale will be
retained to fund liabilities of the
Partnership and reserves for contingent
liabilities.  The balance of the reserves
remaining after satisfaction of such
contingencies will be distributed in
accordance with the Partnership Agreement. 

Operations

Net income, before the gain on sale of
property and loss from early extinguishment of
debt, increased for the three months ended
March 31, 1998 when compared to the same
period in 1997 due to an increase in total
revenue which more than offset the increase in
total expenses.  The increase in total revenue
is a result of rental rate increases
implemented at all of the Partnership's
properties.  Interest income increased due to
higher cash and cash equivalents balances
available for investment.

Total expenses for the three months ended
March 31, 1998, as compared to the three
months ended March 31, 1997, increased with a
rise in real estate taxes,  management fees
and interest expense, partially offset by
decreases in general and administrative and
depreciation and amortization expenses.  Real
estate taxes increased as a result of the
reassessments of Indian Run and Pavillion
Apartments' property value by the local taxing
authority.  Management fees increased in
conjunction with the increase in revenue, as
discussed above.  Interest expense increased
as a result of the Walden Pond additional note
(see Note 2). General and administrative
expense decreased due to lower expenses
incurred in connection with the preparation
and mailing of Partnership reports and other
investor communications.  Depreciation expense
decreased as fixed asset additions purchased
in previous years became fully depreciated.


      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.




DATE:  May 13, 1998