Inconel 718 (In718) is the most widely used nickel-based alloy in additive manufacturing due to its favorable processability. However, In718's high-temperature performance is not suited for the most demanding applications in the aerospace industry. Therefore, in this study, Inconel 718 powder was coated with 3% wt. rhenium (In718-Re) using AM's in situ alloying capabilities to improve high-temperature properties. The proposed alloy's mechanical performance was evaluated, focusing on the effects of post-process heat treatment and hot isostatic pressing following the laser-based powder bed fusion of metals (PBF-LB/M) processing. Static tensile tests conducted at room temperature and elevated temperatures (650 °C and 760 °C) demonstrated that the alloy has comparable strength to pure In718 according to ASTM F3055-14a-an ultimate tensile strength of 1247 MPa, yield strength of 909 MPa, and almost 2× higher elongation of 23.8%. Fatigue tests at room temperature indicated a fatigue limit below 400 MPa for 10