This study provides a detailed investigation of archaeological wood samples from the Luoyang Canal No. 1 site, focusing on wood species identification, physical properties, mechanical property analyses, and morphological examination. The identified wood species, belonging to the Ulmus genus, exhibited a 43% decline in compressive strength in waterlogged environments. Further, the wood exhibited increased moisture content, higher porosity, reduced basic density, and elevated shrinkage rates, indicating a mild level of degradation. X-ray diffraction was employed for the observation of cellulose structure, and Fourier transform infrared spectroscopy (FT-IR) demonstrated significant removal of cellulose and hemicellulose components. These findings emphasize the importance of understanding wood degradation mechanisms to evaluate structural integrity and durability in guiding the development of effective preservation strategies for archaeological wood artifacts. Continued research and conservation are crucial to deepen our knowledge of wood deterioration processes and enhance the implementation of preservation techniques.