In this paper, the influence of steel fibers on the ultrasonic velocity of steel–fiber-reinforced cementitious materials was studied using a micromechanical model. To this end, a three-phase micromechanical model was extended and generalized to multiphase materials. Firstly, such a model was used to predict the influence of the geometry and volume fraction of steel inclusions on the ultrasonic velocity of steel–fiber-reinforced cementitious materials. Experimental validation was carried out on steel-reinforced and non-reinforced mortar specimens through destructive and non-destructive testing by ultrasound. Comparisons between predicted and measured ultrasonic velocity were in good agreement, with errors less than 1.5%. Moreover, the model was also validated on experimental data obtained from steel–fiber-reinforced concrete specimens [Yazici et al. Constr Build Mater 2007;21:1250–3].