In general, the Ti–6.5Al–2Zr–1Mo–1V (TA15) components fabricated via laser powder bed fusion (L-PBF) exhibit high strength and low ductility. Herein, we report a novel approach to enhance the comprehensive mechanical properties of L-PBF TA15 alloy by adjusting the laser power. Samples processed using the optimal laser power exhibit a grid structure of alternating wide and narrow prior-β grains (PBGs), the inside of which is composed of a fully martensitic microstructure. The paper discusses in detail the alterations in the microstructure of samples processed at both low and high laser powers, clarifying the relationship between microstructure and mechanical properties. Thinner martensite contributes to higher strength, while a homogenous microstructure improves ductility. These findings provide valuable insights for controlling microstructure and achieving strength-ductility synergy in L-PBF additive manufacturing of titanium alloys.