It has been revealed recently that molecular crowding, which is one of the largest differences between in vivo and in vitro conditions, is a critical factor determining the structure, stability, and function of nucleic acids. However, the effects of molecular crowding on Watson−Crick and Hoogsteen base pairs remain unclear. In order to investigate directly and quantitatively the molecular crowding effects on base pair types in nucleic acids, we designed intramolecular parallel- and antiparallel-stranded DNA duplexes consisting of Hoogsteen and Watson−Crick base pairs, respectively, as well as an intramolecular parallel-stranded triplex containing both types of base pairs. Thermodynamic analyses demonstrated that the values of free energy change at 25 °C for Hoogsteen base-pair formations decreased from +1.45 ± 0.15 to +1.09 ± 0.13 kcal mol−1, and from −1.89 ± 0.13 to −2.71 ± 0.11 kcal mol−1 in the intramolecular duplex and triplex, respectively, when the concentration of PEG 200 (polyethylene glycol with average molecular weight 200) increased from 0 to 20 wt %. However, corresponding values for Watson−Crick formation in the duplex and triplex increased from −10.2 ± 0.2 to −8.7 ± 0.1 kcal mol−1, and from −10.8 ± 0.2 to −9.2 ± 0.2 kcal mol−1, respectively. Furthermore, it was revealed that the opposing effects of molecular crowding on the Hoogsteen and Watson−Crick base pairs were due to different behaviors of water molecules binding to the DNA strands.