Austenitic stainless steel has considerable strain hardening property, which can be utilized in the design of cold-formed stainless steel structures to effectively reduce project costs. Pre-stretching is a simple and fundamental cold-forming process. Material enhancement model developed for pre-stretching lays a basis for characterizing material properties in more complicated cold-forming process(e.g. cold-rolling and press-braking). In this study, a series of material tensile tests were performed to develop material enhancement models for austenitic stainless steel sheets subjected to pre-stretching. Austenitic stainless steel sheets were tensioned in six different levels to introduce cold working into the sheets. Material properties of the sheets in two directions (i.e. along and perpendicular to the pre-stretching direction) were obtained through coupon tensile tests. To facilitate the development of the material enhancement models, a simplified three-stage material model with six independent parameters was proposed. Enhancement model for each material parameter was developed with the plastic strain experienced in the pre-stretching process as a key factor. Key material parameters and full-range stress–strain curves at different levels of pre-stretching were generated based on the proposed and the available predictive models in literatures. Comparisons of the generated material parameters and the stress–strain curves with the test ones show good agreement.