Anchorage police are at the scene of an assault involving a weapon, which happened near the 700 block of East 11th Avenue.
"One person has been transported with potentially life-threatening injuries," the Anchorage Police Department said in a statement.
Another unnamed individual has been taken into custody, police said, adding there is no ongoing danger to the community.
Police are asking people to avoid the area. The assault is currently under investigation, they said.