Steel-spring floating slab tracks are one of the most effective methods to reduce vibrations from underground railways, which has drawn more and more attention in scientific communities. In this paper, the steel-spring floating slab track located in Track Vibration Abatement and Control Laboratory was modeled with four-pole parameter method. The influences of the fastener damping ratio, the fastener stiffness, the steel-spring damping ratio, and the steel-spring stiffness were researched for the rail displacement and the foundation acceleration. Results show that the rail displacement and the foundation acceleration will decrease with the increase of the fastener stiffness or the steel-spring damping ratio. However, the rail displacement and the foundation acceleration have the opposite variation tendency for the fastener damping ratio and the steel-spring stiffness. In order to optimize the rail displacement and the foundation acceleration affected by the fastener damping ratio and the steel-spring stiffness at the same time, a multiobjective ant colony optimization (ACO) was employed. Eventually, Pareto optimal frontier of the rail displacement and the foundation acceleration was derived. Furthermore, the desirable values of the fastener damping ratio and the steel-spring stiffness can be obtained according to the corresponding Pareto optimal solution set.