A man has been stabbed to death near a popular petrol station in Melbourne.

The man was attacked at a neighbouring housing block in Richmond following reports of a dispute shortly before 8.15pm on Friday.

Police and emergency services were called to Church Street during the disturbance.

View photos A man has died after he was found outside a Melbourne 7 Eleven with stab wounds. Source: Sunrise More

Bleeding heavily, the man staggered towards the 7 Eleven store at the petrol station in a bid to find help but collapsed outside.

A trail of blood was visible from a third floor apartment and along the footpath.

View photos Investigators try to piece together the events that unfolded on Friday evening. Source: Sunrise More

Paramedics attempted to revive the man but failed in their attempts and the man died en route to hospital.

Police have arrested a 34-year-old Port Melbourne man following the fatal altercation.

He remains in custody and is assisting police with their enquiries.