It happened just after 9 p.m. in the 400 block of West Morgan Street.
Police said the victim, 52-year-old Norman Lee Smith Jr., was stabbed at a bus stop before walking over and collapsing in the parking lot of The Ugly Monkey bar. He was taken to WakeMed where he died.
Officers arrested 29-year-old Kevin Marshall Peacock near the scene. Police said they did not think it was a random act, but did not release any other details surrounding the incident.
Kevin Peacock charged with murder of Norman Smith Jr. near The Ugly Monkey Party Bar in Raleigh. #ABC11Eyewitness pic.twitter.com/fxgFoh65QP
— Gloria Rodriguez (@GloriaABC11) October 28, 2015
Just last month, Peacock was arrested in the same area for allegedly being intoxicated and disruptive. He appears to be homeless.
Smith also had a criminal record, showing convictions of burglary and attempted rape.
Peacock is currently being held at the Wake County Detention Center.
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