A Walker n-manifold is a semi-Riemannian manifold, which admits a field of parallel null r-planes, with . In the present paper we study curvature properties of a Walker 4-manifold (M, g) which admits a field of parallel null 2-planes. The metric g is necessarily of neutral signature (+ + − −). Such a Walker 4-manifold is the lowest dimensional example not of Lorentz type. There are three functions of coordinates which define a Walker metric. Some recent work shows that a Walker 4-manifold of restricted type whose metric is characterized by two functions exhibits a large variety of symplectic structures, Hermitian structures, Kähler structures, etc. For such a restricted Walker 4-manifold, we shall study mainly curvature properties, e.g., conditions for a Walker metric to be Einstein, Osserman, or locally conformally flat, etc. One of our main results is the exact solutions to the Einstein equations for a restricted Walker 4-manifold.