• Primary Photo - 5542 Lippan Way
  • Building Photo - 5542 Lippan Way
    Building Photo - 5542 Lippan Way
  • Building Photo - 5542 Lippan Way
    Building Photo - 5542 Lippan Way
$1,650 / Month

5542 Lippan Way

,

Indianapolis, IN 46221

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317-902-2519

  • Bedrooms

    3

  • Bathrooms

    2

  • Square Feet

    1,196 sq ft

  • Available

    Available Now

Highlights

  • Updated Kitchen
  • Ranch Style House
  • 2 Car Attached Garage
  • Eat-In Kitchen
  • Entrance Foyer
  • Forced Air Heating and Cooling System
5542 Lippan Way
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About This Home

Available Now

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!

5542 Lippan Way is a house located in Marion County and the 46221 ZIP Code. This area is served by the M S D Decatur Township attendance zone.

* 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.

Home Details

Home Type

Single Family Detached Home

Year Built

Built in 1998

Attic

Attic Access Panel

Bedrooms and Bathrooms

2 Full Bathrooms 3 Bedrooms

Home Design

Ranch Style House Vinyl Siding Slab Foundation

Home Security

Fire and Smoke Detector

Interior Spaces

Entrance Foyer Family or Dining Combination Laminate Flooring 1,196 Sq Ft Home

Kitchen

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

Laundry

Laundry on main level

Listing and Financial Details

Security Deposit $1,650 Property Available on 9/23/26 12-Month Minimum Lease Term $50 Application Fee $4,690 Total Annual Tax in 2025 Tax Lot 349 Assessor Parcel Number 491312110014000200 Tenant pays for all utilities, insurance The owner pays for insurance, taxes

Lot Details

7,797 Sq Ft Lot

Parking

2 Car Attached Garage

Utilities

Forced Air Heating and Cooling System Electric Water Heater

Community Details

Overview

No Home Owners Association Pheasant Run Subdivision

Pet Policy

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

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.

  • 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.

Contact

  • Listed by Daniel Mullin | REALTY WORLD-Harbert Company
  • Phone Number
  • Contact
  • Source
    MIBOR REALTOR® Association
The information is being provided by MIBOR Association of REALTORS®. Information deemed reliable but not guaranteed.
Location Get Directions
| Edit
Edit Commute

Under 30 minutes

Commute Time is calculated at rush hour.
Neighborhood

Valley Mills is a large neighborhood located about 12 miles southwest of Downtown Indianapolis. The neighborhood is six miles south of Indianapolis International Airport, which frequent travelers will appreciate. Valley Mills is primarily residential, but there are several schools and parks and a small shopping plaza along Kentucky Avenue. Southwestway Park and Winding River Golf Course are just a few of the larger parks nearby that residents enjoy. The neighborhood features apartments and houses for rent at affordable rates. Along with its affordability, residents appreciate the neighborhood’s proximity to several major roadways, including Interstate 465 and Highway 67, which allows for easy travel into the heart of the city and beyond.

Learn more about living in Valley Mills 
Amenities
  • Air Conditioning
  • Heating
  • Dishwasher
  • Disposal
  • Oven
  • Refrigerator
  • Attic
Education
Colleges & Universities Distance
Colleges & Universities 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
5542 Lippan Way is within 17 minutes or 9.6 miles from University of Indianapolis. It is also near IU - Indianapolis and Purdue University.
Schools
Liberty Early Elementary School
Public Elementary School
Grades PK-5
583 Students
Attendance Zone
GreatSchools rating: 5 out of 10
Gold Academy
Public Elementary School
Grades K-5
529 Students
Attendance Zone
GreatSchools rating: 4 out of 10
Decatur Middle School
Public Middle School
Grades 6-8
1,000 Students
Attendance Zone
GreatSchools rating: 3 out of 10
Decatur Central High School
Public High School
Grades 9-12
1,974 Students
Attendance Zone
GreatSchools rating: 2 out of 10
St. Barnabas School
Private Elementary & Middle School
Grades PK-8
474 Students
Nearby
Suburban Christian School
Private Elementary, Middle & High School
Grades PK-12
653 Students
Nearby
School data provided by GreatSchools The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.

View GreatSchools Rating Methodology

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

5542 Lippan Way is near Indianapolis International, located 8.5 miles or 20 minutes away.

Commuter Rail Distance
Commuter Rail Distance
Indianapolis
Drive: 18 min 9.8 mi
Airports Distance
Airports Distance
Indianapolis International
 Drive: 20 min 8.5 mi
Getting Around
Somewhat Walkable
Walkability
20 / 100
Minimal Public Transit
Transit
0 / 100
Exceptionally Drivable
Drivability
90 / 100
Somewhat Bikeable
Bikeability
30 / 100

Scores provided by

What do Walkability, Transit, Drivability, and Bikeability mean? Walkability measures the walking distance to day-to-day needs. Transit measures access to public transportation. Drivability measures congestion, parking availability, and access to major roads. Bikeability measures the suitability for cycling. How It Works
-
Soundscore™
- / 100

Traffic

-

Airport

-

Businesses

-

Scores provided by

HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It Works
Points of Interest

Time and distance from 5542 Lippan Way.

Shopping Centers Distance
Shopping Centers Distance
Heathrow Center
Drive: 9 min 3.2 mi
5542 Lippan Way has 1 shopping centers within 3.2 miles, which is about a 9-minute drive. The miles and minutes will be for the farthest away property.
Parks and Recreation Distance
Parks and Recreation Distance
Southwestway Park
 Drive: 6 min 2.3 mi
Carson Park
 Drive: 7 min 2.5 mi
Sodalis Nature Park
 Drive: 13 min 6.1 mi
Glenns Valley Nature Park
 Drive: 13 min 6.2 mi
Perry Park
 Drive: 17 min 7.6 mi
5542 Lippan Way has 5 parks within 7.6 miles, including Southwestway Park, Carson Park, and Glenns Valley Nature Park.
Hospitals Distance
Hospitals Distance
Franciscan Health Mooresville
Drive: 14 min 8.0 mi
Community Hospital South
Drive: 18 min 9.5 mi
Assurance Health Psychiatric Hospital
Drive: 17 min 9.8 mi
5542 Lippan Way has 3 hospitals within 9.8 miles, the nearest is Franciscan Health Mooresville which is 8.0 miles away and a 14 minute drive.

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