Officers were called to the 400 block of Lansing Street between Poole Road and Martin Luther King Jr. Boulevard just before 9 p.m.
Nicole Dixon, 43, died from her injuries. The male victim is seriously hurt but the injuries appear to be non-life-threatening.
The investigation remains underway.
Anyone with information on the shooting is asked to contact Raleigh CrimeStoppers at (919) 834-4357 or visit raleighcrimestoppers.org for text and email reporting options. CrimeStoppers pays cash rewards for anonymous tips that help solve cases.
This is a developing story, stay with ABC11 for more details.