The use of modular steel construction (MSC) achieves a minimum of on-site work and the potential for removability and reuse. In order to realize the overall disassembly of module buildings and the rapid off-site reconstruction after disassembly, special requirements are put forward for the joints of MSCs. The existing joints of MSCs have some problems, such as the difficulty in the erection of the joints for middle column connection and their inability to be reused. In order to solve these key technical problems, an improved version of the demountable self-locking joint is proposed based on the previous plug-in self-locking joint. For this new type of joint, a full-scale test consisting of four specimens was carried out. The results of functional tests verify that the joint has good demountability. The seismic behavior of the joint under seismic load was investigated by cyclic loading tests. Then, finite element (FE) models were developed and validated through the test results. The results of finite element parameter analysis show that joint boxes are very important to the initial stiffness of this kind of joint, but the thickness of the joint box and the diameter of the stud have little influence on the seismic behavior of the joint.