Disclosed is an alloyed steel powder for powder metallurgy from which sintered parts that do not contain expensive Ni, or Cr or Mn susceptible to oxidation, that have excellent compressibility, and that have high strength in an as-sintered state can be obtained. The alloyed steel powder for powder metallurgy has: a chemical composition containing Mo: 0.5 mass % to 2.0 mass % and Cu: 1.0 mass % to 8.0 mass %, with the balance being Fe and inevitable impurities; and a microstructure in which an FCC phase is present at a volume fraction of 0.5% to 10.0%.