Nickel-based superalloys prepared by laser direct energy deposition (DED) still suffer from microstructure, elemental segregation, and unstable strength, which cannot meet the service requirements and severely limit the application and development of DED-prepared superalloy parts. In this paper, GH4169 specimens with high density and free of defects were prepared by ultrasonic micro-forging assisted laser direct energy deposition (UMT-DED) method. The effects of UMT on the dendritic structure, elemental segregation, and precipitation phases of the alloys prepared by UMT-DED, as well as the densities, hardness, and tensile properties at room and high temperatures were investigated. The contribution of the strengthening mechanism to the yield strength was estimated. The grain refinement mechanism and the deformation mechanism of the Laves phase in GH4169 were discussed. The results show that UMT achieves grain refinement by forming fine crystal strips between the layers. The proportion of fine grain areas increased from 5.9 % to 33.3 %. The plastic deformation introduced by UMT provides external work for dislocation movement to break and fracture part of the Laves phase during plastic deformation, with dislocation cutting of the Laves phase being the main deformation mechanism. The residual stresses was transformed into residual compressive stress. The tensile strength, yield strength, and elongation of the specimens at 25 °C were increased by 4.23 %, 6.42 %, and 23.67 % respectively.