A new type of external substructure to upgrade existing reinforced concrete frames (RCFs) is presented in this paper, namely, a self-centering precast bolt-connected steel-plate reinforced concrete buckling-restrained brace frame (SC-PBSPC BRBF). The upgrade mechanism and three-dimensional simulation model were analyzed based on relevant experiment validations. A quasistatic analysis and parameter study was conducted using 21 scenarios to compare the upgrading effects of the outside substructure. Afterwards, a stiffness-based design procedure was developed and modified for this external substructure, including macro-demand analysis, partial component design, and overall structural evaluations. Dynamic analyses were also performed on a frame building for five cases, before and after strengthening. The proposed numerical model reflected the precast characteristics and displayed the ideal fitting accuracy.The external assembled brace provided sufficient initial stiffness and energy dissipation capacity, while the external prestressed tendon decreased residual displacements and facilitated self-centering of the whole structure. The analyses illustrated that the damage to the existing RCF was transferred and seismic demands were significantly reduced within limitations, accompanied with greater capacity reliability. This research provides a reference for the practical applications of the external upgrading substructures in earthquake-prone areas.