<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 ended June
          30, 1997 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>                   6-MOS
          <FISCAL-YEAR-END>                          DEC-31-1997
          <PERIOD-START>                             JAN-01-1997
          <PERIOD-END>                               JUN-30-1997
          <CASH>                                       1,987,000
          <SECURITIES>                                         0
          <RECEIVABLES>                                  543,000
          <ALLOWANCES>                                    46,000
          <INVENTORY>                                          0
          <CURRENT-ASSETS>                                     0<F1>
          <PP&E>                                      19,563,000
          <DEPRECIATION>                                       0
          <TOTAL-ASSETS>                              22,056,000
          <CURRENT-LIABILITIES>                                0<F1>
          <BONDS>                                              0
          <PREFERRED-MANDATORY>                                0
          <PREFERRED>                                          0
          <COMMON>                                             0
          <OTHER-SE>                                  21,287,000<F2>
          <TOTAL-LIABILITY-AND-EQUITY>                22,056,000
          <SALES>                                              0
          <TOTAL-REVENUES>                             1,677,000
          <CGS>                                                0
          <TOTAL-COSTS>                                  904,000
          <OTHER-EXPENSES>                                     0
          <LOSS-PROVISION>                                     0
          <INTEREST-EXPENSE>                                   0
          <INCOME-PRETAX>                                773,000
          <INCOME-TAX>                                         0
          <INCOME-CONTINUING>                            773,000
          <DISCONTINUED>                                       0
          <EXTRAORDINARY>                                      0
          <CHANGES>                                            0
          <NET-INCOME>                                   773,000
          <EPS-PRIMARY>                                        0<F3>
          <EPS-DILUTED>                                        0












          <FN>
          <F1>Not contained in registrants' unclassified balance sheet.
          <F2>Partners' capital.
          <F3>Not applicable.  Net income per limited partnership unit is
          $1.00.
          </FN>