The waste-heat-recovery boiler with water spray (HR-B/WS) applies the heat exchange between the inlet air and exhaust gas with the water spray into the inlet air. The evaporation of water in the inlet air promotes heat recovery from the exhaust gas so that thermal efficiency can be improved by the enhanced condensing effect. The NOx emission can also be reduced by lowering the flame temperature due to the dilution effect of the water. In this study, the validity of this concept is examined by the practical boiler test performed with a 24 kW condensing boiler under the full load condition according to the water injection amount. The theoretical amount of water injection is calculated under the assumption of full evaporation of the sprayed water, which is calculated as 50 g/min. Since the injected water cannot evaporate fully in the actual system, the maximum water spray amount is set as 100 g/min. The results showed that the water injection can increase the thermal efficiency up to 95.59% and reduce NOx and CO emissions simultaneously to 8.9 ppm and 35 ppm at 0% of O2. Although the heat energy loss increased due to the unevaporated water, the increase in water injection amount caused higher thermal efficiency due to the increased amount of the evaporated water.