This study evaluated the mechanical and electrical properties of low-cement mortar using a large amount of industrial by-products to reduce carbon emissions from the cement industry. As types of industrial by-products, blast furnace slag and fly ash, which are representative materials, were used, and ultra-high fly ash was mixed and evaluated to solve the problem of initial strength loss. In addition, in order to evaluate the electrical properties, 1% of MWCNT was incorporated relative to the powder mass. As experimental items, the compressive strength was measured on the 1st, 3rd, 7th and 28th days of age, and the rate of change in electrical resistance was measured on the 28th day of age. As a result of the experiment, the initial strength of the test specimen mixed with blast furnace slag and fly ash was significantly lower than that of 100% cement, and the specimen mixed with blast furnace slag showed strength equal to that of cement at 28 days of age. As an electrical characteristic, the electrical resistance was reduced when the load was loaded, and this reason is judged to be the effect of improving the conductivity as the connection between CNTs is narrowed by the compressive load.