<ARTICLE> 5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
FINANCIAL  STATEMENTS OF REALMARK PROPERTY INVESTORS LIMITED  PARTNERSHIP IV FOR
THREE MONTHS ENDED MARCH 31, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                1,508,064
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,508,204
<PP&E>                                      32,453,372      
<DEPRECIATION>                              13,826,795
<TOTAL-ASSETS>                              20,429,912      
<CURRENT-LIABILITIES>                        4,935,286
<BONDS>                                     18,861,727
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                20,429,912
<SALES>                                              0
<TOTAL-REVENUES>                             1,408,393
<CGS>                                                0
<TOTAL-COSTS>                                1,584,113
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             480,646
<INCOME-PRETAX>                               (175,720)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0 
<CHANGES>                                            0
<NET-INCOME>                                  (175,720)
<EPS-PRIMARY>                                    (7.29)
<EPS-DILUTED>                                        0