To realize the application of epoxy asphalt concrete on roads and solve the problem of the high cost of epoxy asphalt concrete and the causes of bulging in the construction process, a low-content epoxy asphalt mixture was experimentally studied. Rheological and microscopic tests were carried out to study its performance. At the same time, 17 kinds of low-content asphalt mixture Marshall test pieces and rut plate test pieces with different oil stone ratios were made. Their road performances were tested, and a watertight breathable epoxy asphalt mixture was studied to solve the bulging problem. The research shows that, for ordinary roads, a content of epoxy resin of 10–15% can meet both the high-temperature and the low-temperature requirements. For sections with special rutting resistance requirements, a controlled epoxy resin content between 15 and 30% is recommended. When the content of epoxy resin is greater than 30%, epoxy asphalt initially forms a crosslinked spatial network. An epoxy asphalt with a complex structure from asphaltene to epoxy, with ultra-high performance, can be used for small steel bridge pavements. A BBR test showed that, with an increase in epoxy resin content, the low-temperature performance of asphalt gradually weakens. When the content was 20%, epoxy asphalt’s low-temperature performance was weaker than that of SBS-modified asphalt. Under extremely low-temperature conditions, the performance of epoxy asphalt could not meet the specifications. When the voids of low equivalent epoxy asphalt mixture are controlled at 4.1–4.5%, it is watertight and breathable; this can solve the problem of bulging and greatly reduce the cost of projects.