Alkali-activated fly ash slag (AAFS) has emerged as a novel and environmentally sustainable construction material, garnering substantial attention due to its commendable mechanical attributes and minimal ecological footprint. This investigation delves into the influence of slag incorporation on the strength, pore structure, and transport characteristics of AAFS, encompassing various levels of fly ash replacement with slag. To assess the mechanical properties of AAFS concrete, unconfined compression and ultrasonic pulse velocity tests were conducted. Meanwhile, microstructural and mineralogical alterations were scrutinized through porosity, N2-adsorption/desorption, and SEM/EDX assessments. In addition, transport properties were gauged using electrical surface resistivity, water permeability, and water vapor permeability tests. According to the results, a remarkable refinement in the pore volume was found by increasing the slag content. The volume of the gel pores and surface area increased significantly associated with the increase in tortuosity. Accordingly, Ca inclusion in the cross-linked sodium aluminosilicate hydrate gel remarkably reduced the transport properties.