In this paper, Ti-5Al-2.5Sn-xMo (TASxM, x = 0,5,10,15 wt%) alloys were designed and prepared. Phase compositon and microstructure analysis results indicate that the addition of Mo reduces the phase transition point of TASxM alloys, stabilizes more β phase to room temperature, and refines the α grains. The strength of the TASxM alloys exhibits a positive correlation with the increasing Mo content within 10 wt%, and the highest ultimate tensile strength (UTS) can be obtained in TAS10M (1260 MPa), which can be primarily attributed to the synergistic effects of phase transition, solid solution strengthening, and fine grain strengthening. Interestingly, the UTS of TAS15M unexpectedly decreases to 724 MPa, which is strongly influenced by the altered slip system numbers resulting from the β/α phase ratio. Even more intriguing is the observation of stress-induced martensitic transformation in the deformed TAS15M alloy, often resulting in a substantial influence on elongation. The corrosion resistance of the TASxM alloy has also been investigated through electrochemical experiments. The findings reveal that the corrosion resistance of the TASxM alloy is enhanced with the elevation of Mo content, peaking at TAS15M. This improved resistance is attributed to the augmented β phase content and the formation of protective MoO2 and MoO3 oxide films on the surface of alloy.