The man had wounds to his neck, face and abdomen, but his injuries are not thought to be life threatening at this time, police say.
A PSNI spokesperson said: “Detectives in Lurgan are appealing for witnesses following a serious assault in the Derrytrasna Lane area of Craigavon last night.”
Detective Inspector Harvey said: “Police responded to a report of an altercation at this address at approximately 7:40pm and found a man, aged in his 50s, had been stabbed several times. The victim sustained wounds to his neck, face and abdomen during the attack, which we believed took place outside the address.
“The man was taken to hospital for injuries which are not thought to be life-threatening at this time.”
Larne FC suspends player John Herron after he was spotted on camera wearing ‘tiocfaidh ar la’ assault rifle top
Feile organisers asked if they have warned Wolfe Tones about leading young people in pro-IRA chants
Irish republican rebel band Wolfe Tones lead giant Belfast crowd in singing Up the Ra ‘on the same night as singing Give Peace a Chance’
Irish language group Kneecap accused of ‘grooming sectarian hatred’ with Feile mural
‘He needs to leave our club NOW!’ Strong reaction Larne FC’s John Herron being pictured in ‘tiocfaidh ar la’ gun top as club suspends him
The Detective Inspector continued: “A 69-year-old man was subsequently arrested on suspicion of attempted murder, possession of an offensive weapon and wounding with intent to do grievous bodily harm.
“We are appealing to anyone who witnessed anything in this area last night around 7:30pm to phone police on the non-emergency number 101, quoting reference number 1263 of 18/12/17.
“Alternatively, information can also be provided to the independent charity Crimestoppers on 0800 555 111 which is 100% anonymous and gives people the power to speak up and stop crime.”