We investigated the austenite stability and mechanical properties in FeMnNiC alloy fabricated by spark plasma sintering. The addition of Mn, Ni, and C, which are known austenite stabilizing elements, increases its stability to a stable phase existing above 910°C in pure iron; as a result, austenitic microstructure can be observed at room temperature, depending on the amounts of Mn, Ni, and C added. Depending on austenite stability and the volume fraction of austenite at a given temperature, strain-induced martensite transformation during plastic deformation may occur. Both stability and the volume fraction of austenite can be controlled by several factors, including chemical composition, grain size, dislocation density, and so on. The present study investigated the effect of carbon addition on austenite stability in FeMnNi alloys containing different Mn and Ni contents. Microstructural features and mechanical properties were analyzed with regard to austenite stability.