The microstructure of as-quenched martensite in four Fe-C-Cr alloys (0.15C-1Cr, 0.15C-4Cr, 1C-1Cr, 1C-4Cr, mass%) has been investigated. Moreover, the microstructures served as input for setting up modeling of carbide precipitation during tempering of martensite. The modelling was conducted using the Langer-Schwartz approach and the software TC-PRISMA, which retrieves thermodynamic data from the Thermo-Calc databank. It was found that the martensite in the low carbon steels is predominantly lath martensite with units arranged parallel to each other. On the other hand, the plate martensite dominates the microstructure in the high carbon steels. The ratio of high-angle to low-angle grain boundaries was found to increase with increasing Cr in the low carbon steels, which indicates that Cr has a similar effect as C on the lath martensite microstructure, however, the micro-hardness remained unaffected by the addition of Cr. Finally, the precipitation modeling clearly demonstrates the importance of proper definition of the initial microstructure for predictive modelling. Parameters such as dislocation density and frequency of high-angle grain boundaries have a drastic effect on e.g. the mean size of carbides.