AlCrFeNiTi0.5Mox (x = 0, 0.1, 0.2, 0.3 and 0.4) high-entropy alloys (HEAs) were prepared by arc melting and investigated in terms of microstructure, mechanical properties, and wear resistance. All the as-cast HEAs are composed of one disordered BCC phase (BCC) and one ordered BCC (B2) phase. The added Mo acted as a solid solute in the BCC phase. When Mo molar ratio was more than 0.3, a new type or modified BCC phase formed at the grain boundary, which was enriched with both Mo and Ti. Strength, hardness, and ductility of AlCrFeNiTi0.5 were markedly increased with the Mo addition. The increase in hardness was caused by Mo-solute strengthened disordered BCC phase and precipitation-strengthening by precipitation of hard (Mo, Ti)-rich BCC phase at grain boundaries. The improved ductility was largely attributed to reduced interfacial lattice mismatch between the BCC and B2 phase. The Mo-free AlCrFeNiTi0.5 showed the highest wear loss, about 2.5 times as large as that of AlCrFeNiTi0.5Mo0.4 alloy, which possessed the highest hardness, yield strength, maximum strength, and ductility.