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 30,1998

                     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 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
                                      
<TABLE>
<CAPTION>
                             ASSETS
                                         Unaudited
                                          June 30,  December 31,
                                            1998        1997    

Multi-family apartment complexes, 
  net of accumulated depreciation of 
  $22,412,895 and $26,859,567, respectively
  <S>                                   <C>         <C>
  (Note 3)                              $12,024,566 $ 14,947,503
Cash and cash equivalents                   884,894      402,621
Replacement reserve and repair escrows 
  (Note 3)                                     -         302,985
Prepaid expenses and other assets           503,066      852,446
Deferred expenses, net of accumulated
  amortization of $224,586 and $218,977,
  respectively (Notes 2 and 3)              122,452      212,763

     Total assets                       $13,534,978 $ 16,718,318 
                                        

                LIABILITIES AND PARTNERS' DEFICIT

Liabilities:
  Mortgage notes payable (Notes 2 and 3) $17,308,668$ 20,327,586
  Accounts payable                            8,120         -
  Due to affiliates (Note 5)                 63,231       41,571
  Other liabilities                         774,430    1,212,728

     Total liabilities                   18,154,449   21,581,885

Partners' deficit (Note 4):
  Investor Limited Partners 
     (30,000 Units outstanding)          (2,947,705)  (3,216,956)
Original Limited Partner                 (1,367,021)  (1,339,425)
General Partners                           (304,745)    (307,186)

     Total Partners' deficit             (4,619,471)  (4,863,567)

Total liabilities and Partners' deficit $13,534,978 $ 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
                                      
(Unaudited)
<TABLE>
<CAPTION>
                                
                          For the Three Months   For the Six Months
                             Ended June 30,       Ended June 30,   

                             1998      1997      1998      1997   
Revenue:
  <S>                     <C>       <C>       <C>       <C>
  Rental                  $1,668,950$1,902,205$3,619,131$3,791,029
  Other income                45,701    13,656    69,099    27,489
  
     Total revenue         1,714,651 1,915,861 3,688,230 3,818,518
Expenses:
  Operating (Note 5)         501,386 531,268   1,066,532 1,085,536
  Maintenance                144,239 253,304    248,557     369,491
  Real estate taxes          160,948 192,410    367,525     375,364
  Management fees (Note 5)    74,890  80,562    156,551     154,855
  General and administrative
     (Note 5)                 37,481  40,291     67,819      81,493
  Depreciation and
     amortization            392,876 517,274    879,650   1,024,683
  Interest                   273,476 319,549     610,119   640,283
   
     Total expenses        1,585,2961,934,658  3,396,753 3,731,705
Income (loss) before minority 
  interest, gain (loss) on 
  sale of property and
  extraordinary loss         129,355(18,797)   291,477      86,813
 
Minority interest               (925) (396)    (2,372)      (2,073)

Gain (loss) on sale of 
  property (Note 3)          (11,391)  -       2,967,939      -   

Income (loss) before 
  extraordinary loss         117,039(19,193)   3,257,044    84,740

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

Net income (loss)         $  117,039$(19,193) $2,867,521$   84,740
  
Allocation of net income (loss)
  (Note 4):

  Investor Limited Partners
    (30,000 Units outstanding):
     Income (loss) before gain
      (loss) on sale of 
      property and 
      extraordinary loss  $  122,009 $(18,234)$ 274,650 $   80,503
Gain (loss) on sale of 
      property               (11,277)    -     2,938,260      -   
     Extraordinary loss         -        -      (370,047)      -   

     Net income (loss)    $  110,732$  (18,234)$2,842,863$   80,503

</TABLE>
  
Continued
KRUPP REALTY LIMITED PARTNERSHIP-IV AND SUBSIDIARIES

          CONSOLIDATED STATEMENTS OF OPERATIONS, Continued
                                        
(Unaudited)
<TABLE>
<CAPTION>
                          For the Three Months  For the Six Months
                            Ended June 30,        Ended June 30,   

                             1998    1997        1998      1997   
Investor Limited Partners
  Per Unit:
   Income (loss) before gain
    (loss) on sale of 
    property and 
    <S>                   <C>       <C>       <C>       <C>      
    extraordinary loss    $     4.07$ (.61)   $     9.15$ 2.68
   Gain (loss) on sale of 
    property                    (.38)   -          97.94      -   
   Extraordinary loss            -      -         (12.33)      -   

   Net income (loss)      $     3.69$  (.61)  $    94.76$     2.68

Original Limited Partner
  (100 Units outstanding):
   Income (loss) before gain
    (loss) on sale of 
    property and          
     extraordinary loss   $    5,137 $ (767)  $   11,564$    3,390
   Gain (loss) on sale of 
    property                    -       -           -           -   

   Extraordinary loss           -      -         (15,581)       -   


   Net income (loss)      $    5,137$ (767)   $   (4,017)$    3,390

General Partners:
   Income (loss) before gain
    (loss) on sale of 
    property and
    extraordinary loss    $  1,284 $ (192)    $  2,891  $      847
   Gain (loss) on sale of 
    property                 (114)     -          29,679      -   
   Extraordinary loss           -      -          (3,895)       -   


   Net income (loss)      $    1,170$ (192)   $   28,675$      847

</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
                                      
(Unaudited)
<TABLE>
<CAPTION>
                                             For the Six Months
                                                Ended June 30,  

                                              1998        1997   

Operating activities:
  <S>                                       <C>         <C>
  Net income                                $2,867,521  $ 84,740
  Adjustment to reconcile net income to net              
     cash provided by operating activities:   
     Depreciation and amortization             879,650 1,024,683
     Interest earned on repair escrow           (12,898)      -
     Gain on sale of property                (2,967,939)      -
     Extraordinary loss from early extinguishment
       of debt                                  389,523      -
     Changes in assets and liabilities:
       Decrease in prepaid expenses and 
          other assets                         314,774   269,320
       Decrease in other liabilities         (438,298) (287,156)
     Increase (decrease) in accounts payable  6,215      (6,802)
  Increase (decrease) in due to affiliates   21,660       (190)
       Releases from real estate tax and insurance
          escrows due to sale of property        33,722      -  
     
            Net cash provided by operating
               activities                   1,093,930 1,084,595
  
Investing activities:
  Deposits to replacement reserve escrow     (10,769)    (31,430)
  Withdrawals from replacement reserve and repair
     escrows                                 315,159       48,982
  Release from replacement reserve escrow due to
     sale of property                            11,493      -
  Decrease in deferred expenses                   3,191      -
  Increase in accounts payable for fixed asset
     additions                                   1,905        54 
  Additions to fixed assets                   (673,994)(319,283)
  Proceeds from sale of property, net         5,719,564      -  


          Net cash provided by (used in)
          investing activities               5,366,549 (301,677)
  
Financing activities:
  Principal payments on mortgage notes payable(380,876)(379,851)
  Distributions                             (2,623,425)(589,425)
  Repayment of mortgage note payable         (2,638,042)      -
  Payment of prepayment premium                (335,863)      -  

  
            Net cash used in financing
               activities                   (5,978,206) (969,276)
  
Net increase (decrease) in cash and 
cash equivalents                            482,273    (186,358)
  
Cash and cash equivalents, beginning of period402,621     956,012
  
Cash and cash equivalents, end of period    $884,894   $  769,654
                
</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 June 30, 1998, minority
interest of $19,365 is included in other
assets.                           

In the opinion of the General Partners of the
Partnership, the accompanying unaudited
consolidated financial statements reflect all
adjustments necessary to present fairly the
Partnership's consolidated financial position
as of June 30, 1998, its results of operations
for the three and six months ended June 30,
1998 and 1997 and its cash flows for the six
months ended June 30, 1998 and 1997. 
  
The results of operations for the three and
six months ended June 30, 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.

(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 $130,436.  For financial reporting
purposes, the Partnership realized a gain of
$2,967,939 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.

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

(3)Sale of Property, Continued    

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 six months
   ended June 30, 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 before gain on
      sale of property and
      extraordinary loss   274,650    11,564       2,891     289,105

    Gain on sale of     
      property            2,938,260      -        29,679   2,967,939

    Extraordinary loss     (370,047) (15,581)     (3,895)   (389,523)

    Distributions:
      Operations           (559,952) (23,579)     (5,894)   (589,425)
      Capital Transaction(2,013,660)    -        (20,340) (2,034,000)

    Balance at
      June 30, 1998     $(2,947,705)$(1,367,021)$(304,745)$(4,619,471)
</TABLE>

(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  For the Six Months
                         Ended June 30,           Ended June 30, 
 
                        1998       1997          1998     1997   

<S>                       <C>        <C>     <C>      <C>
Property management fees  $ 74,890   $ 80,562$ 156,551$  154,855

Expense reimbursements     70,690    68,177     109,642   130,514

Charged to operations     $145,580   $148,739$ 266,193$  285,369
</TABLE>

   Due to affiliates consisted of expense reimbursements of
$63,231 and $41,571 at June 30, 1998 and December 31, 1997,
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.

In order to remain competitive in their
respective markets, the Partnership's
properties have spent approximately $674,000
to date and are anticipated to spend
approximately $1,200,000 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 and Walden Pond
Apartments.  The Partnership expects to fund
these improvements from established reserves
and proceeds from the Walden Pond additional
note and the sale of Indian Run (see Notes 2
and 3).

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
$130,436 (see Note 3). 

On June 24, 1998, the General Partners made a
special capital distribution of approximately
$67.12 per Unit, based on the net proceeds
from the sale of Indian Run after funding
capital improvements at the Partnership's
remaining properties, Partnership liabilities
and maintaining reserves for contingent
liabilities.  

As a result of the sale of the property and
future capital needs, the General Partners
reduced the annual distribution rate to 2% of
remaining invested capital, beginning with the
distribution payable in August, 1998.

Financial Accounting Standards Board Statement
No. 130 ("FAS 130") "Reporting Comprehensive
Income" is effective for fiscal years
beginning after December 31, 1997, although
earlier application is permitted.  FAS 130
establishes standards for reporting and
display of comprehensive income and its
components in financial statements.  Financial
Accounting Standards Board Statement No. 131
("FAS 131") "Disclosures about Segments of an
Enterprise and Related Information"
establishes standards for disclosing measures
for profit or loss and total assets for each
reportable segment.  FAS 131 is effective for
fiscal years beginning after December 15,
1997.   The Partnership does not believe that
the implementation of FAS 130 or FAS 131 will
have a material impact on the Partnership's
financial statements.







KRUPP REALTY LIMITED PARTNERSHIP-IV AND
SUBSIDIARIES
                           

Operations                                   
 
The following discussion relates to the
operations of the Partnership and its
properties (Fenland Field, Pavillion and
Walden Pond Apartments) for the three and six
months ended June 30, 1998 and 1997.  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 during the three and six months
ended June 30, 1998 when compared to the three
and six months ended June 30, 1997, 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 all of the
Partnership's properties.  Interest income
increased due to higher cash and cash
equivalent balances available for investment.

Total expenses for the three and six months
ended June 30, 1998, net of Indian Run's
activity, increased as compared to the three
and six months ended June 30, 1997, with a
rise in management fees and interest expense,
partially offset by decreases in maintenance,
general and administrative and depreciation
and amortization expenses.  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).  Maintenance
expense decreased due to paving repairs and
landscaping work completed in 1997.  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.<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
                                  
Response:  None

(b)Reports on Form 8-K

      Date      Event Reported       Financial
Statements Filed

April 16, 1998                   Disposition
of
 Indian Run                      ProForma
Balance Sheet at Apartments.     December 31,
1997.
                                 
Pro Forma Statement of Operations for the year
ended December 31, 1997.         


















<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: August 11, 1998