It happened on Sept. 29 around 6:45 p.m. at New Bern Avenue and Hill Street.
Police said the victim, 30-year-old Joshua George Ayalogu, was taken to WakeMed, where he died the following morning.
Following an investigation, RPD obtained an arrest warrant charging Khalil Shaquan Jordan, 19, with murder. Fuquay-Varina police located Jordan and took him into custody on Wednesday.
Detectives arrested Jordan's brother, 21-year-old Mikal JaJwan Jordan, on Monday. He was arrested in the town of Ahoskie, which is about 120 miles northeast of Raleigh, without incident.
Police also arrested 21-year-old Solister Lester III in Raleigh without incident, in connection with the crime.
All three suspects are facing murder charges and are being held in the Wake County Detention Center.
The investigation of the case is continuing, and anyone with information that might assist detectives is asked to call Raleigh CrimeStoppers at (919) 834-HELP or visit raleighcrimestoppers.org for text and email reporting options. CrimeStoppers pays cash rewards for anonymous tips that help solve cases.