In order to obtain the effect of W and Hf elements on the mechanical properties of Ta–W–Hf alloys, the structural, mechanical, and electronic properties of Ta–xW–6.25Hf (x = 6.25, 12.50, 18.75, 25.00, 31.25, 50.00) alloys were studied using first-principles calculation based on density functional theory, and the supercell method. The calculated formation enthalpy and elastic constants clarify that Ta–W–Hf alloys have structural and dynamical stability. The formation enthalpy and the cohesive energy decrease with the increase in W content, and the cohesive energy increases when Hf element is added to Ta–W alloy. In addition, bulk modulus (B), shear modulus (G), and Young’s modulus (E) for each of the Ta–xW alloys increase gradually with the increase in W concentration. The B, G, and E of Ta–xW–6.25Hf alloys is lower than that of Ta–xW alloy under the same W content conditions, suggesting that Hf alloying with higher Ta–W concentration becomes softer than the Ta–W alloy. Based on the mechanical characteristic, the B/G and Poisson’s ratio of Ta–W–Hf alloys are higher than those of Ta–W alloys with W content over 25%, the ductility of Ta–W–Hf alloys improves with the addition of Hf, and Hf can reduce the anisotropy of Ta–W–Hf alloys. Furthermore, the electronic density of states shows that alloying W and Hf improves the metallicity of Ta. The results in this work provide the underlying insights needed to guide the design of Ta–W–Hf alloys with excellent mechanical properties.