In the present study, microstructural evolution and mechanical properties of Ti-Fe-Sn ultrafine eutectic alloys have been investigated. Ultrafine eutectic microstructure consisting of a mixture of ${eta}$-Ti solid solution and TiFe intermetallic compound homogeneously formed in $(Ti_{70.5}Fe_{29.5})_{100-x}Sn_x$ alloys with x = 0, 1 and 3. Addition of Sn is effective to modify the eutectic colony into the spherical shape with decreasing the lamellar spacing and colony size. This results in enhancing the macroscopic plasticity up to 3.1% of the Ti-Fe-Sn ultrafine eutectic alloys.