diff --git a/docs/rules.md b/docs/rules.md
index 3099e5a0aa..b1eff7a6e0 100644
--- a/docs/rules.md
+++ b/docs/rules.md
@@ -46,7 +46,7 @@ To include these rules, use the `-e/include-experimental` argument when running
 ## Rules
 (_This documentation is generated by running `cfn-lint --update-documentation`, do not alter this manually_)
 
-The following **152** rules are applied by this linter:
+The following **153** rules are applied by this linter:
 
 | Rule ID  | Title | Description | Config<br />(Name:Type:Default) | Source | Tags |
 | -------- | ----- | ----------- | ---------- | ------ | ---- |
@@ -191,6 +191,7 @@ The following **152** rules are applied by this linter:
 | [W2510<a name="W2510"></a>](../src/cfnlint/rules/parameters/LambdaMemorySize.py) | Parameter Memory Size attributes should have max and min | Check if a parameter that is used for Lambda memory size  should have a min and max size that matches Lambda constraints |  | [Source](https://docs.aws.amazon.com/lambda/latest/dg/API_CreateFunction.html#SSS-CreateFunction-request-MemorySize) | `parameters`,`lambda` |
 | [W2511<a name="W2511"></a>](../src/cfnlint/rules/resources/iam/PolicyVersion.py) | Check IAM Resource Policies syntax | See if the elements inside an IAM Resource policy are configured correctly. |  | [Source](https://docs.aws.amazon.com/IAM/latest/UserGuide/reference_policies_elements.html) | `properties`,`iam` |
 | [W2531<a name="W2531"></a>](../src/cfnlint/rules/resources/lmbd/DeprecatedRuntimeEol.py) | Check if EOL Lambda Function Runtimes are used | Check if an EOL Lambda Runtime is specified and give a warning if used.  |  | [Source](https://docs.aws.amazon.com/lambda/latest/dg/runtime-support-policy.html) | `resources`,`lambda`,`runtime` |
+| [W2533<a name="W2533"></a>](../src/cfnlint/rules/resources/lmbd/ZipPackageRequiredProperties.py) | Check required properties for Lambda if the deployment package is a .zip file | When the package type is Zip, you must also specify the `handler` and `runtime` properties. |  | [Source](https://docs.aws.amazon.com/AWSCloudFormation/latest/UserGuide/aws-resource-lambda-function.html) | `resources`,`lambda` |
 | [W3002<a name="W3002"></a>](../src/cfnlint/rules/resources/properties/PropertiesTemplated.py) | Warn when properties are configured to only work with the package command | Some properties can be configured to only work with the CloudFormationpackage command. Warn when this is the case so user is aware. |  | [Source](https://docs.aws.amazon.com/cli/latest/reference/cloudformation/package.html) | `resources` |
 | [W3005<a name="W3005"></a>](../src/cfnlint/rules/resources/DependsOnObsolete.py) | Check obsolete DependsOn configuration for Resources | Check if DependsOn is specified if not needed. A Ref or a Fn::GetAtt already is an implicit dependency. |  | [Source](https://aws.amazon.com/blogs/devops/optimize-aws-cloudformation-templates/) | `resources`,`dependson`,`ref`,`getatt` |
 | [W3010<a name="W3010"></a>](../src/cfnlint/rules/resources/properties/AvailabilityZone.py) | Availability Zone Parameters should not be hardcoded | Check if an Availability Zone property is hardcoded. |  | [Source](https://github.com/aws-cloudformation/cfn-python-lint) | `parameters`,`availabilityzone` |
diff --git a/src/cfnlint/rules/resources/lmbd/ZipPackageRequiredProperties.py b/src/cfnlint/rules/resources/lmbd/ZipPackageRequiredProperties.py
new file mode 100644
index 0000000000..6254b82f28
--- /dev/null
+++ b/src/cfnlint/rules/resources/lmbd/ZipPackageRequiredProperties.py
@@ -0,0 +1,76 @@
+"""
+Copyright Amazon.com, Inc. or its affiliates. All Rights Reserved.
+SPDX-License-Identifier: MIT-0
+"""
+from cfnlint.rules import CloudFormationLintRule, RuleMatch
+
+
+class ZipPackageRequiredProperties(CloudFormationLintRule):
+    id = "W2533"
+    shortdesc = (
+        "Check required properties for Lambda if the deployment package is a .zip file"
+    )
+    description = (
+        "When the package type is Zip, "
+        "you must also specify the `handler` and `runtime` properties."
+    )
+    source_url = "https://docs.aws.amazon.com/AWSCloudFormation/latest/UserGuide/aws-resource-lambda-function.html"
+    tags = ["resources", "lambda"]
+
+    def match(self, cfn):
+        matches = []
+        required_properties = [
+            "Handler",
+            "Runtime",
+        ]  # required if package is a .zip file
+
+        resources = cfn.get_resources(["AWS::Lambda::Function"])
+
+        for resource_name, resource in resources.items():
+            properties = resource.get("Properties")
+            if not isinstance(properties, dict):
+                continue
+
+            for scenario in cfn.get_object_without_conditions(
+                properties, ["PackageType", "Code", "Handler", "Runtime"]
+            ):
+                props = scenario.get("Object")
+                path = ["Resources", resource_name, "Properties"]
+
+                # check is zip deployment
+                is_zip_deployment = True
+                code = props.get("Code")
+
+                if props.get("PackageType") == "Zip":
+                    path.append("PackageType")
+                elif isinstance(code, dict) and (
+                    code.get("ZipFile") or code.get("S3Key")
+                ):
+                    path.append("Code")
+                else:
+                    is_zip_deployment = False
+
+                if not is_zip_deployment:
+                    continue
+
+                # check required properties for zip deployment
+                missing_properties = []
+                for p in required_properties:
+                    if props.get(p) is None:
+                        missing_properties.append(p)
+
+                if len(missing_properties) > 0:
+                    message = "Properties {0} missing for zip file deployment at {1}"
+                    matches.append(
+                        RuleMatch(
+                            path,
+                            message.format(
+                                missing_properties,
+                                "/".join(
+                                    map(str, ["Resources", resource_name, "Properties"])
+                                ),
+                            ),
+                        )
+                    )
+
+        return matches
diff --git a/test/fixtures/templates/bad/resources/lambda/required_properties.yaml b/test/fixtures/templates/bad/resources/lambda/required_properties.yaml
new file mode 100644
index 0000000000..c087056343
--- /dev/null
+++ b/test/fixtures/templates/bad/resources/lambda/required_properties.yaml
@@ -0,0 +1,32 @@
+AWSTemplateFormatVersion: '2010-09-09'
+Description: Missing properties.
+Resources:
+  Function1:
+    Type: AWS::Lambda::Function
+    Properties:
+#      Handler: index.handler
+      Role: arn:aws:iam::123456789012:role/lambda-role
+      Code:
+        S3Bucket: my-bucket
+        S3Key: function.zip
+#      Runtime: nodejs16.x
+  Function2:
+    Type: AWS::Lambda::Function
+    Properties:
+#      Handler: index.handler
+      Role: arn:aws:iam::123456789012:role/lambda-role
+      Code:
+        S3Bucket: my-bucket
+        S3Key: function.zip
+      Runtime: python3.9
+      PackageType: Zip
+  Function3:
+    Type: AWS::Lambda::Function
+    Properties:
+      Handler: index.handler
+      Role: arn:aws:iam::123456789012:role/lambda-role
+      Code:
+        ZipFile: |
+          var aws = require('aws-sdk')
+          exports.handler = function(event, context) {}
+#      Runtime: nodejs16.x
\ No newline at end of file
diff --git a/test/fixtures/templates/good/resources/lambda/required_properties.yaml b/test/fixtures/templates/good/resources/lambda/required_properties.yaml
new file mode 100644
index 0000000000..36823a575f
--- /dev/null
+++ b/test/fixtures/templates/good/resources/lambda/required_properties.yaml
@@ -0,0 +1,29 @@
+AWSTemplateFormatVersion: '2010-09-09'
+Description: Required Properties.
+Resources:
+  Function1: # S3 key to deployment package
+    Type: AWS::Lambda::Function
+    Properties:
+      Handler: index.handler
+      Role: arn:aws:iam::123456789012:role/lambda-role
+      Code:
+        S3Bucket: my-bucket
+        S3Key: function.zip
+      Runtime: python3.9
+  Function2: # source inline (zipped by CloudFormation)
+    Type: AWS::Lambda::Function
+    Properties:
+      Handler: index.handler
+      Role: arn:aws:iam::123456789012:role/lambda-role
+      Code:
+        ZipFile: |
+          var aws = require('aws-sdk')
+          exports.handler = function(event, context) {}
+      Runtime: nodejs16.x
+  Function3: # image deployment
+    Type: AWS::Lambda::Function
+    Properties:
+      Role: arn:aws:iam::123456789012:role/lambda-role
+      Code:
+        ImageUri : 111122223333.dkr.ecr.us-east-1.amazonaws.com/hello-world:latest
+      PackageType: Image
\ No newline at end of file
diff --git a/test/unit/rules/resources/lmbd/test_zip_package_required_properties.py b/test/unit/rules/resources/lmbd/test_zip_package_required_properties.py
new file mode 100644
index 0000000000..409b41beea
--- /dev/null
+++ b/test/unit/rules/resources/lmbd/test_zip_package_required_properties.py
@@ -0,0 +1,29 @@
+"""
+Copyright Amazon.com, Inc. or its affiliates. All Rights Reserved.
+SPDX-License-Identifier: MIT-0
+"""
+from test.unit.rules import BaseRuleTestCase
+
+from cfnlint.rules.resources.lmbd.ZipPackageRequiredProperties import (
+    ZipPackageRequiredProperties,
+)
+
+
+class TestZipPackageRequiredProperties(BaseRuleTestCase):
+    """Test required properties"""
+
+    def setUp(self):
+        super(TestZipPackageRequiredProperties, self).setUp()
+        self.collection.register(ZipPackageRequiredProperties())
+        self.success_templates = [
+            "test/fixtures/templates/good/resources/lambda/required_properties.yaml"
+        ]
+
+    def test_file_positive(self):
+        self.helper_file_positive()
+
+    def test_file_negative(self):
+        self.helper_file_negative(
+            "test/fixtures/templates/bad/resources/lambda/required_properties.yaml",
+            err_count=3,
+        )