: In this paper, the effects of dry density, w/c ratio, and municipal solid waste incineration (MSWI) powder on the multi-scale properties and internal pore structure of foamed concrete were studied by using a single-factor controlled experiment. It was found that an increase in the dry density of foamed concrete could effectively reduce the porosity, leading to the improvement of compressive strength and impermeability and to the reduction of water absorption. The compressive strength, water absorption, and impermeability were mainly affected by the porosity when the w/c ratio changed. With the increase in porosity, the water absorption rate increased, and the compressive strength and impermeability decreased. The addition of MSWI powder caused no obvious change in the overall pore size distribution of the foamed concrete, and there was no significant change in the water absorption and impermeability of the structure. However, because the hydration activity of MSWI powder was lower than that of ordinary Portland cement, the compressive strength of foamed concrete decreased with the increase in MSWI powder.