8-K

                                  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) January 11, 2005



                    Maxus Real Property Investors-Four, L.P.
             (Exact name of registrant as specified in its charter)




          MISSOURI                     000-11023                 43-1250566
(State or other jurisdiction          (Commission              (IRS Employer
      of incorporation)               File Number)           Identification No.)



                                 104 Armour Road
                        North Kansas City, Missouri 64116
               (Address of principal executive offices) (Zip Code)


                                 (816) 303-4500
                         (Registrant's telephone number,
                              including area code)


                                 Not Applicable
          (Former name or former address, if changed since last report)



Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

__ Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

__ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

__ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

__ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))







Item 7.01  Regulation FD Disclosure.

        Attached as Exhibit 99.1, and incorporated into this Item 7.01 by
reference is a letter to limited partners, which the Company mailed on January
11, 2005.

Item 9.01  Financial Statements and Exhibits.

(c) Exhibits.

        99    Letter to limited partners dated January 11, 2005, furnished
              solely for the purpose of incorporation by reference into Items
              7.01 and 9.01.



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 hereunto duly authorized.


                                 MAXUS REAL PROPERTY INVESTORS-FOUR, L.P.

                                 By:   MAXUS CAPITAL CORP.
                                       General Partner


Date: January 11, 2005                 By: /s/ David L. Johnson
                                           -------------------------------
                                           David L. Johnson
                                           President and Chief Executive Officer









                                INDEX TO EXHIBITS




        99.1  Letter to limited partners dated January 11, 2005, furnished
              solely for the purpose of incorporation by reference into Items
              7.01 and 9.01.

EX-99

MAXUS CAPITAL CORP.
P.O. Box 34729, North Kansas City, MO 64116


January 11, 2005


Dear Limited Partners:

In accordance with Section 8.2 of the partnership agreement, the General Partner
has made distributions of Net Extraordinary Cash Income of $10 per unit for each
quarter of the last three fiscal years.

For distributions to be made,  working capital must exceed the amount considered
appropriate by the General Partner to provide reserves to pay taxes,  insurance,
debt  service,  repairs,  and any  other  costs  and  expenses  incident  to the
ownership or operation of the property, Woodhollow Apartments. At this time, the
General  Partner  has  determined  that the amount of working  capital  does not
support  making a quarterly  distribution.  We will continue to review this each
quarter.

Woodhollow  experienced  decreased  occupancy levels in 2004 due to a fire and a
weakened regional  apartment market.  Twenty-two (22) units, or approximately 5%
of the  property,  were  vacant  for a  majority  of the year due to a fire that
occurred  on April 16,  2004.  The  damage  was  limited to the 22 units in that
building.  Management  estimates  that  most  of the  damages  (estimated  to be
$310,000) are covered by insurance,  less a $10,000 deductible and approximately
$10,000 of make-ready  expenses.  The insurance policy also covers loss of rents
and has indicated  that the  Partnership  will be reimbursed  for $30,000 due to
sustained rental losses.

Based  on  industry  information,   the  average  occupancy  of  the  sub-market
Woodhollow  competes with is in the low to mid 90% range.  Interest rates remain
low, which normally  increases losses of tenants who move out of apartments when
they purchase homes.  Missouri  currently ranks the 5th lowest in the nation for
cost of living which has provided a highly accessible entry-level housing market
and resulted in increased vacancy rates and a lower demand for apartments.

We will  continue  our efforts to maximize  property  operations  by focusing on
increased  rental and other income sources and  controlling  operating  expenses
wherever possible.

If you have any questions regarding partnership matters you may contact Investor
Relations at (816) 303-4500.

Thank you for your continued interest and support.

Sincerely,

/s/ David L. Johnson
- -------------------
David L. Johnson
President, Director
Maxus Capital Corp.
General Partner