Achieving not only high mechanical strengths but also high ductility is recently established using an additive manufacturing technique called selective laser melting. In the present study, stainless steel 304L fully dense samples were successfully printed using the 3D systems – ProX 300 printing machine. The ductility and tensile yield strength were almost two and three times higher compared to those of ASTM cast's alloy. Honey comb like nano-cellular structure with different orientation was observed in the fine grains (∼4 μm) due to fast cooling rate. In addition, the formation of martensite phase in random grains is also a contributor to the strengths. Furthermore, negative residual stresses in the build and horizontal directions were detected and assisted further increase in the tensile strength. Fractography revealed the ductile feature of plastic deformation and the crack openings at unmelted particles or pores.