Chapter Seven: The Massacre at Hawkins Lab - S4-E7
Other mistake: When Hooper was trying to light the alcohol-soaked rag to make a torch, his lighter wasn't working at first. He finally got a flame at the last minute. However, the sparks alone should have been enough to ignite the flammable rag. (01:00:33 - 01:02:03)
Chapter Nine: The Piggyback - S4-E9
Deliberate mistake: Stranger Things season 4 vol 1 confirms upside down is locked in 1983 as Nancy's guns aren't there. Her diary entry shows it to be Nov 1983. Yet in season 4 vol 2 Ed Munson's guitar is there. This implies he either was playing guitar back then or they've made a deliberate mistake here but it's caused an error in the 'stuck in 1983' story.
Suggested correction: This entry needs clarification. You acknowledge the possibility that Eddie was playing guitar back then, so how could it be impossible for his guitar to have been there if that's the case?
Chapter Five: The Flayed - S3-E5
Factual error: When Eleven is handed M&Ms in the hospital she is given green and red. Red M&Ms were not reintroduced until 1987. (00:42:28)
Chapter Six: E Pluribus Unum - S3-E6
Continuity mistake: When the librarian picks up the phone he picks up the one in the middle, in the next shot we see he has the one to the left and when he hangs up it's the one in the center again.
Continuity mistake: Eleven makes the helicopter fall from the sky and blow up some army vehicles. Within a cut, it's much earlier in the day as the sun is right above her. Prior to this, it was lower in the sky and returns that way as she and the rest of the crew are driving away.
Chapter Eight: The Battle of Starcourt - S3-E8
Factual error: Because of the way radios work, when Suzie and Dustin are singing their duet they wouldn't be able to hear each other and the rest of the party would only hear a garbled mess. Per frequency only one radio should transmit at each time, so all the others can receive. If multiple radios are transmitting simultaneously, the signals will overlap and result in unintelligible noise. (00:35:53)

Chapter Seven: The Massacre at Hawkins Lab - S4-E7
Continuity mistake: Eddie is still wearing a denim vest he took off his body and threw at Steve a few seconds earlier. When the camera cuts away and back, the vest is gone again. (00:15:19)
Chapter Five: The Nina Project - S4-E5
Continuity mistake: The seat belt keeps appearing and reappearing on Nancy's shoulder as she's driving.