The strength of a compact specimen under normal fracture (fracture mode I) is studied within the framework of the Neuber-Novozhilov approach. A model of an ideal elasto-plastic material with limiting relative elongation is chosen as the model of the deformable solid. This class of materials includes low-alloy steels that are used in structures operating at temperatures below the cold brittleness threshold. The crack propagation criterion is formulated using the modified Leonov-Panasyuk-Dugdale model, which uses an additional parameter, i.e., the diameter of the plasticity zone (the width of the prefracture zone). In the case of stress field singularity occurring in the vicinity of the crack tip, a two-parameter (coupled) criterion for quasi-brittle fracture is developed for type I cracks in an elastoplastic material. The coupled fracture criterion includes the deformation criterion attributed to the crack tip and the force criterion attributed to the model crack tip. The lengths of the original and model cracks differ by the length of the prefracture zone. Diagrams of the quasi-brittle fracture of the specimen under plane strain and plane stress conditions are constructed. The constitutive equations of the analytical model are analyzed in terms of the characteristic linear dimension of the material structure. Simple formulas applicable to verification calculations of the critical fracture load and pre-fracture zone length for quasi-brittle and quasi-ductile fractures are obtained. The parameters in the presented model of quasi-brittle fracture are analyzed. It is proposed to select the parameters of the model according to the approximation of the uniaxial tension diagram and the critical stress intensity factor.