316L stainless steel (316L SS) exhibits excellent corrosion resistance, mechanical properties, and biocompatibility, but the rapid melting and solidification of the laser powder bed fusion (PBF-LB/M) process reduce the properties of the newly formed parts. This study aims to enhance the mechanical properties of PBF-LB/M PBF-LB/M-formed 316L SS parts by investigating the effects of various heat treatment temperatures. The results show that an appropriate heat treatment temperature can improve the microstructure and mechanical properties of the formed parts. Lower temperatures have minimal effects on performance; however, at 1100 °C, recrystallization occurs, resulting in more uniform grain structures, improved densification, and substantial stress relief. The residual stress is reduced by 85.59% compared to the untreated PBF-LB/M samples, while the ferrite content is significantly decreased, making the phase structure more homogeneous. Although both yield strength and tensile strength decrease, plasticity improves by 21.11%.