There seem to be many small, inexpensive DC/DC converters/regulators with 12V output, but they don't go up to the full 48V rated input. I suspect that 48V figure separates the hobby-grade world from the professional (read: high-price) world.
For example here is a very inexpensive adjustable DC/DC buck converter... US$ 3.95
LM2596 Step Down Adjustable 1.5-37V DC/DC Converter
You did not state your power requirements (i.e. current).
Also, are you talking about full, formal POE where the receiving end does that little negotiation dance to establish how much current it wants? Or are you talking about a simple, informal re-use of the spare wires to send power? If you are providing the power at the source end, you could select a slightly lower voltage and take advantage of those very inexpensive modules. They appear to be available from many places including Ebay, etc.