Two people are in custody after a disturbance in Elizabeth Street, Hobart, this afternoon.

Just after 3 pm, police were called to the incident in Elizabeth Street, near Patrick Street.

A group of people who were known to each other had been involved in an altercation.

One man received a stab wound to his upper body, and another man was struck on the head.

They were both taken to hospital, and their injuries are not believed to be life threatening. Two other men were treated for minor injuries at the scene.

Police have asked people to avoid the area while investigations are continuing.

Anyone who witnessed the incident or has dashcam vision is asked to contact police on 131 444 and quote OR 808744 or incident number 223-21062026.

Information can also be provided to Crime Stoppers on 1800 333 000 or online at crimestopperstas.com.au. Information can also be provided anonymously.