Iron-doped binary chalcogenide crystals are very promising for tunable solid-state lasers operating over the 3~5 μm spectral range. Fe: ZnSe is one of the most important gain crystals with the obvious advantages of material characteristics and conversion efficiency. By adjusting the output mode of the pump source, an Fe: ZnSe laser can operate in two modes at liquid nitrogen temperatures: continuous wave (CW) and pulse output. In terms of CW output, the Fe: ZnSe laser obtained a maximum 2.63 W continuous power output which was confined to the power of the pump source. An optical-to-optical efficiency of 47.05% was acquired. Direct electrical modulation was applied to the pump source. The highest average power of the quasi-CW laser, whose central wavelength is 4.02 μm, has a value of 253 mW with an optical-to-optical efficiency of 42.88% and a full width at half maximum (FWHM) of 23 nm when the pulse frequency is 100 Hz of 10% duty factor. The output waveform is consistent with the modulation waveform applied to the pump source. We report to the first of our knowledge an electrically modulated quasi-CW Fe: ZnSe laser in the pulse regime, equipped with features of compactness in structure, ignoring additional modulators, convenience in control, high efficiency, and sustainable operation, of great interest for solving numerous scientific and applied problems.