content: UNITED STATES
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                               Washington, D. C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
  
             PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
                                     ACT OF 1934
  
  Date of Report (Date of earliest event reported):   September 14, 1998
  
                                 (September 8, 1998)
  
  Commission File Number                        0-11655
  
                                  NTS-PROPERTIES IV
               (Exact name of registrant as specified in its charter)
  
           Kentucky                                      61-1026356
  (State or other jurisdiction of              (I.R.S. Employer Identification
  incorporation or organization)               No.)
  
     10172 Linn Station Road
     Louisville, Kentucky                                    40223
  (Address of principal executive                         (Zip Code)
  offices)
  
  Registrant's telephone number,
  including area code                                   (502) 426-4800
  
                                   Not Applicable
                 Former name, former address and former fiscal year,
                            if changed since last report
  
  
  
  
  <PAGE>
  
  
  
  Item 5.  Other Items
  
  
  On September 8, 1998,  NTS-Properties  V and the  Lakeshore/University  II Joint
  Venture,  affiliates  of General  Partner  of the  Partnership,  entered  into a
  contract with Silver City Properties,  Ltd. ("the  Purchaser"),  an affiliate of
  Full Sail  Recorders,  Inc. ("Full Sail"),  for the sale of University  Business
  Center  Phases I and II  office  buildings  and  Phase  III  vacant  land for an
  aggregate  purchase  price of  $18,751,000  (specifically  the  prices  for each
  property were  $8,975,000 for Phase I; $8,975,000 for Phase II; and $801,000 for
  Phase  III).  University  Business  Center  Phase I and  Phase  III are owned by
  NTS-Properties  V.  University   Business  Center  Phase  II  is  owned  by  the
  Lakeshore/University  II Joint Venture.  The Partnership owns an 18% interest in
  this joint venture. Full Sail currently occupies 28% and 83% of the net rentable
  area of University  Business  Center Phases I and II,  respectively.  Concurrent
  with the signing of the  contracts,  the  Purchaser  deposited  $50,000  into an
  escrow  account.  This deposit will be applied to the purchase price at closing.
  The Purchaser is to close on the  properties by November 7, 1998.  The purchaser
  has fifty  days  from the date of the  contract  to  perform  normal  inspection
  activities.  The completion of this sale depends upon a  satisfactory  result of
  this inspection.  The contract permits the Purchaser to defer the closing of the
  purchase of Phase III until the 18 month  anniversary of the closing on Phases I
  and II. The  Partnership has not determined the use of the net proceeds from the
  sale after the repayment of outstanding debt and closing costs.
  
  
  <PAGE>
  
  
                                     SIGNATURES
  
  
  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.
  
  
  
                                           NTS-PROPERTIES IV
                                             (Registrant)
  
                                       By: NTS-Properties Associates IV,
                                            General Partner
                                            BY: NTS Capital Corporation,
                                            General Partner
  
  
                                            /s/Lynda J. Wilbourn
                                            Lynda J. Wilbourn
                                            Vice President
  
  
  
  Date: September 14, 1998
  
  
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K DATED 09/14/98", "secsgml_size_bytes": 3852}]
metadata_filer: {"company-data": {"conformed-name": "NTS PROPERTIES IV", "cik": "0000719589", "assigned-sic": "6500", "irs-number": "611026356", "state-of-incorporation": "KY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11655", "film-number": "98708835"}, "business-address": {"street1": "10172 LINN STATION RD", "city": "LOUISVILLE", "state": "KY", "zip": "40223", "phone": "5024264800"}, "mail-address": {"street1": "10172 LINN STATION RD", "city": "LOUISVILLE", "state": "KY", "zip": "40223"}}
text: UNITED STATES
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                               Washington, D. C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
             PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
                                     ACT OF 1934
  
  Date of Report (Date of earliest event reported):   September 14, 1998
  
                                 (September 8, 1998)
  
  Commission File Number                        0-11655
  
                                  NTS-PROPERTIES IV
               (Exact name of registrant as specified in its charter)
  
           Kentucky                                      61-1026356
  (State or other jurisdiction of              (I.R.S. Employer Identification
  incorporation or organization)               No.)
  
     10172 Linn Station Road
     Louisville, Kentucky                                    40223
  (Address of principal executive                         (Zip Code)
  offices)
  
  Registrant's telephone number,
  including area code                                   (502) 426-4800
  
                                   Not Applicable
                 Former name, former address and former fiscal year,
                            if changed since last report
  Item 5.  Other Items
  
  On September 8, 1998,  NTS-Properties  V and the  Lakeshore/University  II Joint
  Venture,  affiliates  of General  Partner  of the  Partnership,  entered  into a
  contract with Silver City Properties,  Ltd. ("the  Purchaser"),  an affiliate of
  Full Sail  Recorders,  Inc. ("Full Sail"),  for the sale of University  Business
  Center  Phases I and II  office  buildings  and  Phase  III  vacant  land for an
  aggregate  purchase  price of  $18,751,000  (specifically  the  prices  for each
  property were  $8,975,000 for Phase I; $8,975,000 for Phase II; and $801,000 for
  Phase  III).  University  Business  Center  Phase I and  Phase  III are owned by
  NTS-Properties  V.  University   Business  Center  Phase  II  is  owned  by  the
  Lakeshore/University  II Joint Venture.  The Partnership owns an 18% interest in
  this joint venture. Full Sail currently occupies 28% and 83% of the net rentable
  area of University  Business  Center Phases I and II,  respectively.  Concurrent
  with the signing of the  contracts,  the  Purchaser  deposited  $50,000  into an
  escrow  account.  This deposit will be applied to the purchase price at closing.
  The Purchaser is to close on the  properties by November 7, 1998.  The purchaser
  has fifty  days  from the date of the  contract  to  perform  normal  inspection
  activities.  The completion of this sale depends upon a  satisfactory  result of
  this inspection.  The contract permits the Purchaser to defer the closing of the
  purchase of Phase III until the 18 month  anniversary of the closing on Phases I
  and II. The  Partnership has not determined the use of the net proceeds from the
  sale after the repayment of outstanding debt and closing costs.
  SIGNATURES
  
  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.
  
                                           NTS-PROPERTIES IV
                                             (Registrant)
  
                                       By: NTS-Properties Associates IV,
                                            General Partner
                                            BY: NTS Capital Corporation,
                                            General Partner
  
                                            /s/Lynda J. Wilbourn
                                            Lynda J. Wilbourn
                                            Vice President
  
  Date: September 14, 1998