The microstructures and high-temperature tensile properties of as-aged Mg-6Zn-1Mn-4Sn-(0.1, 0.5 and 1.0) Y (wt.%, ZMT614-Y) alloys were investigated by optical microscopy (OM), X-ray diffractometer (XRD), scanning electron microscopy (SEM), transmission electron microscopy (TEM), and high-temperature tensile tests. The tensile temperatures were 150 °C, 200 °C, 250 °C and 300 °C, respectively. The results showed that the phase compositions of as-aged alloys were α-Mg, α-Mn, MgZn2, Mg2Sn, and MgSnY phases. The Mg2Sn and MgSnY high-temperature phases inhibited grain growth in the heat treatment and tensile processes. The as-aged ZMT614-0.5Y alloy has the best high-temperature mechanical properties, with yield strength (YS), ultimate tensile strength (UTS), and elongation values of 277 MPa, 305 MPa, and 16.7%, respectively, at 150 °C. As the tensile temperature increased to 300 °C, the YS and UTS decreased to 136 MPa and 150 MPa, and elongation increased to 25.5%. The fracture mechanism changed as the tensile temperatures ranged from 150 °C to 300 °C, from the transgranular fracture type at temperatures of 150 °C and 200 °C, to the transgranular and intergranular mixed-mode fracture type when tensile temperatures increased to 250 °C, to an intergranular fracture mechanism at 300 °C.