The invention discloses a fabricated frame structure beam-column connection node and a construction method and relates to the structural engineering field. The beam-column connection node includes a prefabricated cow-leg pillar, a prefabricated beam, a high-strength bolt, a pressure bearing steel plate and a nut, wherein the prefabricated beam includes a main body and a connecting portion, the connecting portion is located at an end portion of the main body and is integrally formed with the main body, the cross-sectional area of the connecting portion is larger than the main body, a force applying surface opposite to an end surface of the prefabricated beam is formed on the connecting portion, the pressure bearing steel plate is disposed on the force applying surface, the connecting portion is supported by cow legs on both sides of the cow-leg pillar, the connecting portion and the cow-leg pillar are connected through the high strength bolt, and an end portion of the high-strength boltpenetrates through the pressure bearing steel plate and is tightened by the nut. The beam-column connection node is advantaged in that through the prefabricated cow-leg pillar and the prefabricated beam, in a direct field splicing mode, construction of the beam-column connection node is completed, construction efficiency is effectively improved, energy saving and environmental protection are achieved, later maintenance difficulty is low, deformation capacity of the node is further greatly improved, and anti-vibration energy consumption capacity of the node is enhanced.