Cube and tensile samples of reduced activation ferritic/martensitic steel were formed at different laser powers and scanning velocities using a selective laser melting process; the microstructural characteristics and tensile properties of the cube and tensile samples were investigated in this study. The experimental results showed that the SLMed CLF-1 samples that formed with selected laser melting were near-fully dense, and the relative density of the SLMed CLF-1 samples exceeded 99%. Meanwhile, there were numerous nano-sized spherical and needle-like precipitate dispersions distributed in the grains and boundary of the grains, and the precipitates were mainly composed of M23C6 carbide and MX carbide. The microstructure was composed of columnar grains and equiaxed grains arranged in a sequence, and the smallest average size of the grains was 15 ± 2.1 µm when measured at 320 W of power and 800 mm/s scanning velocity. In addition, the sample at 320 W of power and 800 mm/s scanning velocity exhibited higher yield strength (875 ± 6.0 MPa) and higher elongation (25.6 ± 0.8%) than that of the sample at 200 W of power, 800 mm/s scanning velocity, yield strength of 715 ± 1.5 MPa, and elongation of 22.6 ± 1.2%.