This study presents a cost-effective approach to fabricating near β-Ti alloys via in-situ alloying during laser powder bed fusion (L-PBF). A blend of non-spherical pure Ti, 3 wt.% Fe, and 0.1 wt.% SiO2 nanoparticles was used to induce β-phase stabilization and improve flowability. Twenty-five process conditions were evaluated across a volumetric energy density range of 31.75-214.30 J/mm3, achieving a maximum relative density of 99.21% at 89.29 J/mm3. X-ray diffraction analysis revealed that the β-Ti phase was partially retained at room temperature, accompanied by lattice contraction in the α’-Ti structure, indicating successful Fe incorporation. Elemental mapping confirmed that the Fe distribution was homogeneous, without significant segregation. Compared to pure Ti, the Ti-3Fe sample exhibited a 49.2% increase in Vickers hardness and notable improvements in yield and ultimate tensile strengths. These results demonstrate the feasibility of in-situ alloying with low-cost elemental powders to produce high-performance near β-Ti alloys using L-PBF.