$1,650 /month

5542 Lippan Way, Indianapolis, IN 46221

Last Updated: 2 Days Ago

What This House Offers

Welcome to 5542 Lippan Way,the beautiful 3-bedroom,2-bath ranch home in Pheasant Run! The inviting foyer flows into the eat-in kitchen,which features a convenient pass-through to the spacious dining room and great room combination. The great room offers a patio door leading to the nicely sized backyard,complete with a privacy fence-perfect for relaxing or entertaining. The centrally located hall bath provides easy access for two of the bedrooms,while the primary bedroom offers a private full bath and walk-in closet for added comfort and convenience. With its thoughtful updates,functional layout,and two car attached garage,this is one you won't want to miss!

Unit

$1,650 /month
3 Beds
2 Baths
1,196 Sq. Ft.
Available Now

Home Features

  • Air Conditioning
  • Attic
  • Dishwasher
  • Disposal
  • Heating
  • Oven
  • Refrigerator

5542 Lippan Way is a single-family home for rent in Indianapolis, IN

* Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. Price, availability, fees, and any applicable rent special are subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate.

Fees & Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

One-Time Basics

Due at Application

  • Application Fee Per Applicant
    $50

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Home Details

Home Design

  • Built in 1998
  • Ranch Style House
  • Single Family Detached Home
  • Vinyl Siding
  • Slab Foundation

Interior Spaces

  • Entrance Foyer
  • Family or Dining Combination
  • 1196 Sq Ft Home
  • Main Level Square Feet
  • Upper Level Square Feet

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Electric Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate Flooring

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • 3 Bedrooms
  • 3 Bedrooms | 2 Bathrooms
  • Full Bathrooms in Basement
  • Half Bathrooms in Basement

Laundry

  • Laundry on main level

Attic

  • Attic Access Panel

Home Security

  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage

Lot Details

  • 7797 Sq Ft Lot

Utilities

  • Forced Air Heating and Cooling System
  • Public Water Source
  • Electric Water Heater

Listing and Financial Details

  • Security Deposit $1,650
  • Property Available on 2026-09-23
  • 12-Month Minimum Lease Term
  • $50 Application Fee
  • $4690 Total Annual Tax in 2025
  • Tax Lot 349
  • Assessor Parcel Number 491312110014000200
  • Tenant pays for all utilities, insurance
  • The owner pays for insurance, taxes

Community Details

Overview

  • No Home Owners Association
  • Pheasant Run Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Deposit $300

Explore Commute Options

Drive Time
Walk Time
Bike Ride Time
Public Transit

What's nearby 5542 Lippan Way

Get In Touch

Property Address:
5542 Lippan Way,
Indianapolis, IN 46221
Listed by
Daniel Mullin | REALTY WORLD-Harbert Company
Phone Number: (317) 902-2519
MLS

The information is being provided by MIBOR Association of REALTORS®. Information deemed reliable but not guaranteed.

Area Scores

Walkability

Somewhat walkable

Driveability

Exceptionally drivable

Bikeability

Somewhat bikeable

Scores provided by

Soundscore

Active

Scores provided by

Travel and Transit

Airport

Indianapolis International

20 min Drive

IND

Local Education

Primary and Secondary Schools

GreatSchools rating: 4 out of 10

Gold Academy

Grades K-5

Public

GreatSchools rating: 5 out of 10

Liberty Early Elementary School

Grades PK-5

Public

GreatSchools rating: 3 out of 10

Decatur Middle School

Grades 6-8

Public

Not rated

St. Barnabas School

Grades PK-8

Private

GreatSchools rating: 2 out of 10

Decatur Central High School

Grades 9-12

Public

Not rated

Suburban Christian School

Grades PK-12

Private

Data provided by GreatSchools.org © 2026. All rights reserved.

GreatSchools

Colleges and Universities

School Commute Time (Distance)
University of Indianapolis Drive: 17 min (9.6 mi)
IU - Indianapolis Drive: 21 min (10.5 mi)
Purdue University Drive: 20 min (10.9 mi)
IU - School of Medicine Drive: 22 min (11.5 mi)

Discover Valley Mills, Indianapolis, IN

Parks and Recreation

Recreational activities near 5542 Lippan Way are plentiful. Discover 2 parks within 2.5 miles, including Southwestway Park and Carson Park.

Airports

Living in Valley Mills provides easy access to Indianapolis International, located just 20 minutes from 5542 Lippan Way.

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Contact This Property

(317) 902-2519