<TABLE> <S> <C>

          <ARTICLE> 5
          <LEGEND>
          This schedule contains summary financial information extracted
          from the
          unaudited condensed consolidated financial statements of T. Rowe
          Price Realty
          Income Fund IV, America's Sales-Commission-Free Real Estate
          Limited Partnership
          included in the accompanying Form 10-Q for the period September
          30, 1996 and is
          qualified in its entirety by reference to such financial
          statements.
          </LEGEND>
          <CIK> 0000826315
          <NAME> T. ROWE PRICE REALTY INCOME FUND IV, AMERICA'S
          SALES-COMMISS
                 
          <S>                             <C>
          <PERIOD-TYPE>                   9-MOS
          <FISCAL-YEAR-END>                          DEC-31-1996
          <PERIOD-START>                             JAN-01-1996
          <PERIOD-END>                               SEP-30-1996
          <CASH>                                       3,725,000
          <SECURITIES>                                         0
          <RECEIVABLES>                                  819,000
          <ALLOWANCES>                                   303,000
          <INVENTORY>                                          0
          <CURRENT-ASSETS>                                     0<F1>
          <PP&E>                                      25,533,000
          <DEPRECIATION>                               4,168,000
          <TOTAL-ASSETS>                              25,869,000
          <CURRENT-LIABILITIES>                                0<F1>
          <BONDS>                                              0
          <PREFERRED-MANDATORY>                                0
          <PREFERRED>                                          0
          <COMMON>                                             0
          <OTHER-SE>                                  24,371,000<F2>
          <TOTAL-LIABILITY-AND-EQUITY>                25,869,000
          <SALES>                                              0
          <TOTAL-REVENUES>                             2,631,000
          <CGS>                                                0
          <TOTAL-COSTS>                                1,994,000
          <OTHER-EXPENSES>                                     0
          <LOSS-PROVISION>                                     0<F3>
          <INTEREST-EXPENSE>                                   0
          <INCOME-PRETAX>                              1,219,000
          <INCOME-TAX>                                         0
          <INCOME-CONTINUING>                          1,219,000
          <DISCONTINUED>                                       0
          <EXTRAORDINARY>                                      0
          <CHANGES>                                            0












          <NET-INCOME>                                 1,219,000
          <EPS-PRIMARY>                                        0<F4>
          <EPS-DILUTED>                                        0
          <FN>
          <F1>Not contained in registrant's unclassified balance sheet.
          <F2>Partners' capital.
          <F3>Not reported at interim.
          <F4>Not applicable.  Net income per limited partnership unit is
          $1.56.
          </FN>