Exhibit (a)(2)

                          Form of Letter of Transmittal



                              LETTER OF TRANSMITTAL

                             Regarding the Units in

                   MAXUS REAL PROPERTY INVESTORS - FOUR, L.P.

         Tendered Pursuant to the Offer to Purchase Dated April 20, 2001

THE OFFER AND  WITHDRAWAL  RIGHTS WILL EXPIRE AT, AND THIS LETTER OF TRANSMITTAL
MUST BE RECEIVED BY THE PARTNERSHIP BY, 12:00 MIDNIGHT  EASTERN STANDARD TIME ON
TUESDAY,  JUNE 5, 2001 (THE "EXPIRATION DATE"),  UNLESS THE OFFER IS EXTENDED BY
OFFERORS.

I am a limited  partner of Maxus Real Property  Investors - Four,  L.P. I hereby
tender my limited  partnership  units or a portion  thereof,  as  described  and
specified   below,   to  Maxus  Real  Property   Investors  -  Four,  L.P.  (the
"Partnership") upon the terms and conditions set forth in the Offer to Purchase,
dated  April 20,  2001  (collectively,  the "Offer to  Purchase"  and "Letter of
Transmittal" constitute the "Offer").

THIS LETTER OF  TRANSMITTAL IS SUBJECT TO ALL THE TERMS AND CONDITIONS SET FORTH
IN THE OFFER TO PURCHASE,  INCLUDING,  BUT NOT LIMITED TO, THE ABSOLUTE RIGHT OF
THE  PARTNERSHIP  TO REJECT ANY AND ALL  TENDERS  DETERMINED  BY IT, IN ITS SOLE
DISCRETION, NOT TO BE IN THE APPROPRIATE FORM.

I hereby represent and warrant that I have full authority to sell my units, or a
portion  thereof,  as the case may be, to Maxus  Real  Property  Investors-Four,
L.P., and that the  Partnership  will acquire good title,  free and clear of any
adverse claim. Upon request, I will execute and deliver any additional documents
necessary to complete the sale of my units in  accordance  with the terms of the
Offer.  In the event of my death or  incapacity,  all authority  and  obligation
shall be placed with my heirs, personal representatives and successors.

I  hereby  certify,   under   penalties  of  perjury,   that  (1)  the  Taxpayer
Identification  Number shown below on this Letter of  Transmittal is correct and
(2) I am not subject to backup  withholding  either  because Seller has not been
notified by the Internal  Revenue  Service (the "IRS") that Seller is subject to
backup withholding as a result of a failure to report all interest on dividends,
or the IRS has  notified  Seller  that  Seller  is no longer  subject  to backup
withholding.

I hereby also certify, under penalties of perjury, that I, if an individual,  am
not a  nonresident  alien for purposes of U.S.  income  taxation,  and if not an
individual, am not a foreign corporation, foreign partnership, foreign trust, or
foreign  estate (as those terms are  defined in the  Internal  Revenue  Code and
Income Tax Regulations).  I understand that this  certification may be disclosed
to the IRS by the Partnership  and that any false  statements  contained  herein
could be punished by fine, imprisonment, or both.

I  hereby  appoint  the   Partnership   (without   posting  of  a  bond)  as  my
attorney-in-fact with respect to my units, with full power of substitution (such
power of  attorney  being  deemed to be an  irrevocable  power  coupled  with an
interest),  to: (1) transfer ownership of my units on



the Partnership's books to the Partnership,  (2) change the address of record of
my units prior to or after completing the transfer, (3) execute and deliver lost
certificate  indemnities  and all  other  transfer  documents,  (4)  direct  any
custodian or trustee  holding record title to the units to do what is necessary,
including executing and delivering a copy of this Letter of Transmittal, and (5)
upon payment by the  Partnership of the purchase  price, to receive all benefits
and cash distributions and otherwise exercise all rights of beneficial ownership
of my units hereby tendered.

                          INSTRUCTIONS TO TENDER UNITS

   Please complete the following steps to tender your units:

   o Complete Part 1. by inserting the number of units you wish to tender.

   o Complete Part 2. by providing your telephone number(s).

   o Complete Part 3. by providing the appropriate signature(s).  (Note: if your
     account is held by a Trustee or Custodian, sign below and forward this form
     to the Partnership to complete the remaining steps). All signatures must be
     guaranteed by a member from a registered  national securities  exchange,  a
     member  of the  National  Association  of  Securities  Dealers,  Inc.  or a
     commercial bank,  savings bank, credit union,  savings and loan association
     or trust company  having an office,  branch or agency in the United States,
     which is a participant in the Security Transfer Agent Medallion Program.

   o Return  your  original  Certificate(s)  of  Ownership  for  the  units  (if
     originally  received)  with this  form.  If you are  unable to locate  your
     Certificate(s)  of  Ownership  (if  originally   received),   complete  the
     Affidavit  and  Indemnification  Agreement  for Missing  Certificate(s)  of
     Ownership.

Return or Deliver:  (1) this Letter of Transmittal;  and (2) the Substitute Form
W-9 on or before the Expiration Date to:

                    MAXUS REAL PROPERTY INVESTORS-FOUR, L.P.
                                 104 ARMOUR ROAD
                        NORTH KANSAS CITY, MISSOURI 64116
                               ATTN: KEITH MADSEN

                For additional information, call: (816) 303-4500.



PART 1.  NUMBER OF UNITS IN THE PARTNERSHIP TO BE TENDERED:

         [ ]  I tender my entire units in the  Partnership of ________ units for
              a price of $300.00 per unit.

         [ ]  I tender _______ units, representing only a portion of my units in
              the Partnership, for a price of $300.00 per unit.

PART 2.  TELEPHONE NUMBER(S).

My telephone numbers are: (___)________ [Daytime]  and  (___)_________ [Evening]

PART 3.  SIGNATURE(S).

FOR INDIVIDUALS/JOINT OWNERS:


_____________________________________     ______________________________________
Print name of limited partner             Print name of joint owner


_____________________________________     ______________________________________
Signature of limited partner              Signature of joint owner


_____________________________________     ______________________________________
Taxpayer Identification Number            Taxpayer Identification Number

               Signature(s) Guarantee Required For All Signatures
                               (See Instructions)

Name and Address of Eligible Institution: ______________________________________
________________________________________________________________________________
________________________________________________________________________________


Authorized Signature: __________________________________________________________
Print Name:_____________________________________________________________________
Title: ________________________________      Date: _____________________________

FOR CUSTODIAL/TRUSTEE/IRA ACCOUNTS:


_____________________________________     ______________________________________
Print Name of Signatory                   Signature


_____________________________________     ______________________________________
Title of Signatory                        Taxpayer Identification Number

               Signature(s) Guarantee Required For All Signatures
                               (See Instructions)

Name and Address of Eligible Institution: ______________________________________
________________________________________________________________________________
________________________________________________________________________________

Authorized Signature: __________________________________________________________
Print Name: ____________________________________________________________________
Title: ______________________________     Date: ________________________________