Short-fiber-reinforced thermoplastics are popular for improving the mechanical properties exhibited by pristine thermoplastic materials. Due to the inherent conflict between strength and ductility, there are only a few successful cases of simultaneous enhancement of these two properties in polymer composite components. The objective of this work was to explore the feasibility of simultaneous enhancement of strength and ductility in ABS-based composites with short-carbon and Kevlar fiber reinforcement by material extrusion 3D printing (ME3DP). Microstructure characterization and measurement of thermal and mechanical properties were conducted to evaluate the fiber-reinforced ABS. The influence of printing raster orientation and build direction on the mechanical properties of material extrusion of 3D-printed composites was analyzed. Experimental results demonstrated that the reinforcement of the ABS-based composites by short-carbon and Kevlar fibers under optimized 3D-printing conditions led to balanced flexural strength and ductility. The ABS-based composites with a raster orientation of ±45° and side build direction presented the highest flexural behaviors among the samples in the current study. The main reason was attributed to the printed contour layers and the irregular zigzag paths, which could delay the initiation and propagation of microcracks.