The advantageous implications of the microstructure and volume fraction of reversed austenite for the tensile properties of super 13Cr martensitic stainless steel (13Cr SMSS) in an experiment with quenching and double-step tempering treatment in the temperature range of 550-750 °C were investigated. The results show that, with increases in one-step tempering temperature, the content of reversed austenite was enhanced considerably from 0.9% to 13.3%. The reversed austenite distributed in the martensitic lath boundary conformed to the (11¯1)γ//(011)α' and [011]γ//[1¯1¯1]α' Kurdjumov-Sachs orientation relationship with the matrix. When tempered at 675 °C for 3 h for the first stage and 600 °C for 2 h for the second stage, the maximum volume fraction of reversed austenite was approximately 13.3%, achieving uniform elongation of 10.4% and total elongation of 27.2%. Moreover, the product of strength and elongation (PSE) was 23.5 GPa·% higher than other samples. The outstanding combination of high strength and commendable plasticity was due to the phase transformation of the reversed austenite into secondary martensite during tensile straining. The reversed austenite consumed the plastic energy at the tip of the microcrack and made the crack tip blunt, which hindered the further propagation of the crack, consequently increasing the total elongation and improving toughness.