Inconel 718 (IN718) is a nickel-based superalloy which is widely used in aerospace, oil, and gas industries due to its outstanding mechanical properties at high temperatures, corrosion, fatigue resistance, and excellent weldability. Selective laser melting (SLM), one of the most used powder-bed based methods, is being extensively used to fabricate functional IN718 components with high accuracy. The accuracy and the properties of the SLM fabricated IN718 parts highly depend on the process parameters employed during fabrication. Thus, depending on the desired properties, the process parameters for a given material need to be optimized for improving the overall reliability of the SLM devices. In this study, design of experiment (DOE) was used to evaluate the dimensional accuracy, composition, and hardness corresponding to the interaction between the SLM process parameters such as laser power (P), scan speed (v), and hatch spacing (h). Contour plots were generated by co-relating the determined values for each characteristic and the process parameters to improve the as-built characteristics of the fabricated IN718 parts and reduce the post-processing time. The outcome of this study shows a range of energy density values for the IN718 superalloy needed to attain optimal values for each of the analyzed characteristics. Finally, an optimal processing region for SLM IN718 fabrication was identified which is in accordance with the values for each characteristic mentioned in literature.