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):   October 2, 1998
  
                                 (October 2, 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
  
  The recently announced  contract for the sale of the University  Business Center
  properties  may be in jeopardy.  On September 8, 1998, the  Partnership  and the
  Lakeshore/University  II Joint Venture  entered into a contract with Silver City
  Properties,  Ltd. ("the Purchaser"),  an affiliate of Full Sail Recorders, Inc.,
  for the sale of the  University  Business  Center  properties  for an  aggregate
  purchase  price of  $18,751,000.  Full Sail is the primary  tenant of University
  Business Center, leasing and occupying more than 60% of the center. The contract
  called for a closing date on the  properties no later than November 7, 1998. The
  Purchaser,   requested  an  early  closing  date  of  September  28,  1998.  The
  Partnership, specifically Lakeshore/University II Joint Venture, was prepared to
  close at this time. The closing was rescheduled daily from September 28, 1998 to
  October 2, 1998.  The  contract  remains  in force and the  Purchaser  has until
  November 7, 1998 to close.  As a result of the  Purchaser's  failure to close on
  five consecutive dates, it is the opinion of the General Partner that the entire
  transaction may be in jeopardy.
  
  
  <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: October 2, 1998
  
  
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K DATED 10/02/98", "secsgml_size_bytes": 3322}]
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": "98720459"}, "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):   October 2, 1998
  
                                 (October 2, 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
  
  The recently announced  contract for the sale of the University  Business Center
  properties  may be in jeopardy.  On September 8, 1998, the  Partnership  and the
  Lakeshore/University  II Joint Venture  entered into a contract with Silver City
  Properties,  Ltd. ("the Purchaser"),  an affiliate of Full Sail Recorders, Inc.,
  for the sale of the  University  Business  Center  properties  for an  aggregate
  purchase  price of  $18,751,000.  Full Sail is the primary  tenant of University
  Business Center, leasing and occupying more than 60% of the center. The contract
  called for a closing date on the  properties no later than November 7, 1998. The
  Purchaser,   requested  an  early  closing  date  of  September  28,  1998.  The
  Partnership, specifically Lakeshore/University II Joint Venture, was prepared to
  close at this time. The closing was rescheduled daily from September 28, 1998 to
  October 2, 1998.  The  contract  remains  in force and the  Purchaser  has until
  November 7, 1998 to close.  As a result of the  Purchaser's  failure to close on
  five consecutive dates, it is the opinion of the General Partner that the entire
  transaction may be in jeopardy.
  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: October 2, 1998