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Authorities said the incident happened just before 4:30 in the 400 block of D Street.
When officers arrived, they found 39-year-old Derrick Ervin lying on the ground in the front yard of a mobile home, bleeding from his chest.
Officers performed CPR until EMS arrived.
Ervin has then transported to Cape Fear Valley Medical Center where he was pronounced dead.
Police arrested 39-year-old Jacolby Floyd and charged him with first-degree murder.
He was taken to the Cumberland County Detention Center.
Anyone with information is asked to contact Spring Lake Detectives at (910) 436-0350.