In the present study, a modified H13 hot-work tool steel (M-H13) was fabricated by laser beam powder bed fusion (LB-PBF). The effect of two types of post processing, direct tempering from as-built condition (DT) and conventional quenching followed by tempering (QT), on the microstructure and mechanical properties was evaluated. The typical microstructure in QT condition was tempered martensite with carbides along lath boundaries. In DT condition, melt pool boundaries and cellular structure from as-built condition were still observed. While comparable tensile properties and hardness were obtained, DT samples exhibited significantly lower impact toughness compared to QT samples. This was attributed to the difference in work hardening ability and strain rate sensitivity originating from different microstructures obtained under these two heat treatment conditions. The study was also focused on the softening behavior and the correlation with the microstructure of the two post treatments at the elevated temperatures. It was found that the DT samples showed lower thermal softening compared to QT samples. The evolution of carbides was discussed based on the microanalysis results and the JMatPro simulation.