TEECO PROPERTIES L.P. OPER INCOME DOWN <Teeco Properties L.P.> said the partnership recorded income from operations for 1986 of 140,000 dlrs, or two cts a unit. The partnerhsip said this compared to 1985 figures of 660,000 dlrs, or 10 cts a unit. Results of operations between both years is not comparable since the partnership's principle objective is to sell or dispose of its assets and distribute proceeds to unit holders, according to the partnership. It said the number of units outstanding for both years is 6,479,516.